ING 2016 Integrated Annual Report: Accelerate
(Thomson Reuters ONE) -
"Accelerate" is the theme of the 2016 Integrated Annual Report of ING Groep N.V.
(IAR) that is published today, together with the Annual Report of ING Bank N.V..
The theme reflects the accelerating pace of change in technology and other areas
that is impacting our customers' lives and their expectations from financial
service providers. It also expresses how we, as digital leaders in banking, are
accelerating the Think Forward strategy to ensure we continue to provide
customers with a differentiating experience.
Similar to previous years, the IAR is an integrated report, which combines ING's
financial and non-financial performance in 2016. As sustainability forms an
integral part of our strategy and is embedded in our business, our
sustainability information is provided in the IAR. The IAR includes a look at
how we aim to create value over time and how the Think Forward strategy
addresses the challenges, risks and opportunities ING faces in a fast-changing
world.
In 2016 the number of customers choosing ING for their banking needs again
increased and has grown by around 3 million to 35.8 million since we launched
the Think Forward strategy. The number of primary relationships - customers with
a current account with recurring income and at least one other product - grew
eight percent to 9.7 million, close to our 2017 ambition of 10 million
customers. Our net core lending to customers grew by almost EUR 35 billion and
savings entrusted to us rose by over EUR 28 billion. We also enjoyed number one
Net Promoter Scores (NPS) in 7 of our 13 retail markets, a key indicator of
customer satisfaction. These strong relationships with customers helped to drive
ING's robust commercial and financial growth in 2016.
Reflecting a digital first approach, the IAR and the Annual Report of ING Bank
N.V, are available on a special annual report landing page on ING's website
ing.com. This page includes all relevant downloads, a create-your-own-report
download tool, and an accessible and engaging overview of the key figures and
highlights of the year. The 2016 ING Annual Report is also available free of
charge in print at ING's global headquarters.
ING will also file today its Annual Report on Form 20-F for the year ended 31
December 2016 with the United States Securities and Exchange Commission (SEC).
The 2016 Form 20-F is available on the ING website, and can be downloaded from
the SEC website (www.sec.gov) later today.
Other documents related to ING's Annual General Meeting (AGM), including the
agenda for the AGM, will be available as of 23 March 2017 on the ING website.
The AGM will be held on 8 May 2017 in Amsterdam.
Note for editors
For further information on ING, please visit www.ing.com. Frequent news updates
can be found in the Newsroom or via the (at)ING_news Twitter feed. Photos of ING
operations, buildings and its executives are available for download at Flickr.
Footage (B-roll) of ING is available via videobankonline.com, or can be
requested by emailing info(at)videobankonline.com. ING presentations are available
at SlideShare.
Press enquiries Investor enquiries
Carolien van der Giessen ING Group Investor Relations
+31 20 576 6836 +31 20 576 6396
Carolien.van.der.Giessen(at)ing.com Investor.Relations(at)ing.com
ING PROFILE
ING is a global financial institution with a strong European base, offering
banking services through its operating company ING Bank. The purpose of ING Bank
is empowering people to stay a step ahead in life and in business. ING Bank's
52,000 employees offer retail and wholesale banking services to customers in
over 40 countries.
ING Group shares are listed on the exchanges of Amsterdam (INGA AS, INGA.AS),
Brussels and on the New York Stock Exchange (ADRs: ING US, ING.N).
Sustainability forms an integral part of ING's strategy, which is evidenced by
the number one position among 395 banks ranked by Sustainalytics. ING Group
shares are being included in the FTSE4Good index and in the Dow Jones
Sustainability Index (Europe and World) where ING is among the leaders in the
Banks industry group.
IMPORTANT LEGAL INFORMATION
Elements of this press release contain or may contain information about ING
Groep N.V. and/ or ING Bank N.V. within the meaning of Article 7(1) to (4) of EU
Regulation No 596/ 2014.
Projects may be subject to regulatory approvals. Insofar as they could have an
impact in Belgium, all projects described are proposed intentions of the bank.
No formal decisions will be taken until the information and consultation phases
with the Work Council have been properly finalised.
ING Group's annual accounts are prepared in accordance with International
Financial Reporting Standards as adopted by the European Union ('IFRS-EU'). In
preparing the financial information in this document, except as described
otherwise, the same accounting principles are applied as in the 2016 ING Group
consolidated annual accounts. All figures in this document are unaudited. Small
differences are possible in the tables due to rounding.
Certain of the statements contained herein 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 a number of factors,
including, 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) potential consequences
of European Union countries leaving the European Union or a break-up of the
euro, (4) changes in the availability of, and costs associated with, sources of
liquidity such as interbank funding, as well as conditions in the credit and
capital markets generally, including changes in borrower and counterparty
creditworthiness, (5) changes affecting interest rate levels, (6) changes
affecting currency exchange rates, (7) changes in investor and customer
behaviour, (8) changes in general competitive factors, (9) changes in laws and
regulations and the interpretation and application thereof, (10) geopolitical
risks and policies and actions of governmental and regulatory authorities,
(11) changes in standards and interpretations under International Financial
Reporting Standards (IFRS) and the application thereof, (12) conclusions with
regard to purchase accounting assumptions and methodologies, and other changes
in accounting assumptions and methodologies including changes in valuation of
issued securities and credit market exposure, (13) changes in ownership that
could affect the future availability to us of net operating loss, net capital
and built-in loss carry forwards, (14) changes in credit ratings, (15) the
outcome of current and future legal and regulatory proceedings, (16) ING's
ability to achieve its strategy, including projected operational synergies and
cost-saving programmes and (17) the other risks and uncertainties detailed in
the most recent annual report of ING Groep N.V. (including the Risk Factors
contained therein) and ING's more recent disclosures, including press releases,
which are available on www.ING.com. Many of those factors are beyond ING's
control.
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 purchase, any securities in the United States or any other
jurisdiction.
pdf version of press release:
http://hugin.info/130668/R/2088376/788269.pdf
This announcement is distributed by Nasdaq Corporate Solutions on behalf of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: ING Group via GlobeNewswire
Unternehmensinformation / Kurzprofil:
Datum: 16.03.2017 - 14:05 Uhr
Sprache: Deutsch
News-ID 530702
Anzahl Zeichen: 9446
contact information:
Town:
Amsterdam
Kategorie:
Business News
Diese Pressemitteilung wurde bisher 206 mal aufgerufen.
Die Pressemitteilung mit dem Titel:
"ING 2016 Integrated Annual Report: Accelerate"
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ING Group (Nachricht senden)
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