ING CEO Jan Hommen to present at Goldman Sachs conference
(Thomson Reuters ONE) -
Today, Jan Hommen, CEO of ING Group, will address the Goldman Sachs European
Financials Conference in Brussels, Belgium.
In his presentation Mr Hommen will demonstrate how ING is making progress on
restructuring the company and the divestment programme notwithstanding the
challenging economic environment and changing regulatory landscape.
Amidst these circumstances ING continues to focus on its core priorities of
generating capital, maintaining its strong funding position and further
improving its balance sheet in order to deliver competitive returns on a higher
capital base. ING has delivered EUR 25 billion of balance sheet integration
initiatives since 2011, targeting a further EUR 30 billion until 2015.
Mr Hommen will reiterate ING continues to selectively de-risk its investment
portfolio as markets remain volatile, and risk costs are expected to remain
elevated given the weakening economic environment in Europe.
On repayment of the Dutch State, Mr Hommen will reaffirm ING's commitment to do
so as soon as possible on terms acceptable to all stakeholders and provided that
ING maintains strong capital ratios. ING aims to repay another tranche this year
using the proceeds from the sale of ING Direct USA and last year's liability
management transaction.
Jan Hommen will conclude his presentation by focusing on ING Bank's previously
announced Ambition 2015 programme that should lead to an attractive ROE of
10-13% under Basel III regulation and a cost-income ratio of 50-53% by 2015.
Today's presentation by Jan Hommen can be downloaded at www.ing.com.
Press enquiries Investor enquiries
Frans Middendorff Alexander Mollerus
+31 20 576 6385 +31 20 576 6310
Frans.Middendorff(at)ing.com Alexander.Mollerus(at)ing.com
ING PROFILE
ING is a global financial institution of Dutch origin, offering banking,
investments, life insurance and retirement services to meet the needs of
a broad customer base. Going forward, we will concentrate on our
position as an international retail, direct and commercial bank, while
creating an optimal base for an independent future for our insurance and
investment management operations.
IMPORTANT LEGAL INFORMATION
Certain of the statements contained in this document are not historical
facts, including, without limitation, certain statements made of future
expectations and other forward-looking statements that are based on
management's current views and assumptions and involve known and unknown
risks and uncertainties that could cause actual results, performance or
events to differ materially from those expressed or implied in such
statements. Actual results, performance or events may differ materially
from those in such statements due to, without limitation: (1) changes in
general economic conditions, in particular economic conditions in ING's
core markets, (2) changes in performance of financial markets, including
developing markets, (3) consequences of a potential (partial) break-up
of the euro, (4) the implementation of ING's restructuring plan to
separate banking and insurance operations, (5) changes in the
availability of, and costs associated with, sources of liquidity such as
interbank funding, as well as conditions in the credit markets
generally, including changes in borrower and counterparty
creditworthiness, (6) the frequency and severity of insured loss events,
(7) changes affecting mortality and morbidity levels and trends, (8)
changes affecting persistency levels, (9) changes affecting interest
rate levels, (10) changes affecting currency exchange rates, (11)
changes in investor, customer and policyholder behaviour, (12) changes
in general competitive factors, (13) changes in laws and regulations,
(14) changes in the policies of governments and/or regulatory
authorities, (15) conclusions with regard to purchase accounting
assumptions and methodologies, (16) changes in ownership that could
affect the future availability to us of net operating loss, net capital
and built-in loss carry forwards, (17) changes in credit-ratings, (18)
ING's ability to achieve projected operational synergies and (19) the
other risks and uncertainties detailed in the risk factors section
contained in the most recent annual report of ING Groep N.V.
Any forward-looking statements made by or on behalf of ING speak only as
of the date they are made, and, ING assumes no obligation to publicly
update or revise any forward-looking statements, whether as a result of
new information or for any other reason. This document does not
constitute an offer to sell, or a solicitation of an offer to buy, any
securities.
PDF version of Press Release:
http://hugin.info/130668/R/1619530/517282.pdf
This announcement is distributed by Thomson Reuters on behalf of
Thomson Reuters clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: ING Group via Thomson Reuters ONE
[HUG#1619530]
Unternehmensinformation / Kurzprofil:
Datum: 14.06.2012 - 08:01 Uhr
Sprache: Deutsch
News-ID 156415
Anzahl Zeichen: 5917
contact information:
Town:
Amsterdam
Kategorie:
Business News
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"ING CEO Jan Hommen to present at Goldman Sachs conference"
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