ING CEO Jan Hommen to speak at Goldman Sachs Conference
(Thomson Reuters ONE) -
Today, ING CEO Jan Hommen will address the Goldman Sachs European Financials
Conference in Madrid, Spain. In his presentation, Mr. Hommen will repeat the
progress ING has made through the end of the first quarter in delivering on its
previously stated strategic priorities.
In his presentation, Mr. Hommen will review the good progress made in the
orderly separation of Banking and Insurance, and reiterate ING's objective of
creating strong companies that are able to operate on a standalone basis by the
end of this year. Importantly, ING has set clear targets to strengthen the
performance of both Banking and Insurance, and ING's first quarter results show
encouraging progress in both businesses towards achieving them.
Mr. Hommen will also reiterate that in the current environment with volatile
markets and a fragile economic recovery, managing risk and leverage remains an
important priority. In this respect, ING reduced its Southern European sovereign
debt exposure during the second quarter. ING also continues to steadily reduce
its exposure to real estate, including an evaluation of the position of Real
Estate Investment Management within the Banking business and a reassessment of
Real Estate Development projects that started in the fourth quarter.
Mr. Hommen's presentation can be downloaded at www.ing.com
Press enquiries Investor enquiries
Victorina de Boer ING Group Investor Relations
+31 20 541 5682 +31 20 541 5460
Victorina.de.boer(at)ing.com Investor.relations(at)ing.com
ING PROFILE
ING is a global financial institution of Dutch origin offering banking,
investments, life insurance and retirement services. As of 31 March 2010, ING
served more than 85 million private, corporate and institutional clients in more
than 40 countries. With a diverse workforce of about 105,000 people, ING is
dedicated to setting the standard in helping our clients manage their financial
future.
IMPORTANT LEGAL INFORMATION
Certain of the statements contained herein are statements of future expectations
and other forward-looking statements. These expectations are based on
management's current views and assumptions and involve known and unknown risks
and uncertainties. Actual results, performance or events may differ materially
from those in such statements due to, among other things, (i) general economic
conditions, in particular economic conditions in ING's core markets, (ii)
performance of financial markets, including developing markets, (iii) the
implementation of ING's restructuring plan to separate banking and insurance
operations, (iv) 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, (v) the frequency and severity of insured loss events, (vi)
mortality and morbidity levels and trends, (vii) persistency levels, (viii)
interest rate levels, (ix) currency exchange rates, (x) general competitive
factors, (xi) changes in laws and regulations, (xii) changes in the policies of
governments and/or regulatory authorities, (xiii) conclusions with regard to
purchase accounting assumptions and methodologies, (xiv) changes in ownership
that could affect the future availability to us of net operating loss, net
capital loss and built-in loss carryforwards, and (xv) ING's ability to achieve
projected operational synergies. ING assumes no obligation to update any
forward-looking information contained in this document.
[HUG#1422582]
pdf version of press release: http://hugin.info/130668/R/1422582/371679.pdf
Unternehmensinformation / Kurzprofil:
Datum: 09.06.2010 - 08:29 Uhr
Sprache: Deutsch
News-ID 22151
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contact information:
Town:
Amsterdam
Kategorie:
Business News
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"ING CEO Jan Hommen to speak at Goldman Sachs Conference"
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