ING CRO Koos Timmermans to present at Bernstein conference
(Thomson Reuters ONE) -
Today, Koos Timmermans, Chief Risk Officer of ING Group, will address the
Bernstein Pan European Strategic Decisions conference in London, United Kingdom.
In his presentation, Koos Timmermans will demonstrate ING's track record of
delivering on its priorities, including strengthening its financial position,
delivering on restructuring and generally building stronger Banking and
Insurance organisations.
Mr. Timmermans will reiterate the substantial measures ING has taken since the
beginning of the financial crisis, including managing down the asset base of the
Bank and derisking the investment book. In this context he will explain that ING
has responded to recent market developments by further reducing its government
bond exposure to Southern European countries by EUR 3.2 billion while staying
alert to further market developments. Furthermore, Mr. Timmermans will elaborate
on ING Bank's funding position and structure, providing an overview of ING
Bank's issuance to date in 2011.
In addition, Mr. Timmermans will address ING's progress to meet the
restructuring demands of the European Commission. ING is decisively yet
prudently preparing the base case of two IPOs of the Insurance businesses while
progress is being made to meet the other restructuring requirements.
Koos Timmermans will finish his presentation by illustrating ING Bank's
strategic position: a liability driven bank that is well positioned for the
future, using its strong deposit gathering capability for future growth while
managing its balance sheet efficiently through further integration.
Today's presentation by Koos Timmermans can be downloaded at www.ing.com.
Press enquiries Investor enquiries
Frans Middendorff Ewald Walraven
+31 20 541 6516 +31 20 541 5463
Frans.Middendorff(at)ing.com Ewald.Walraven(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 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, 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) the implementation of ING's restructuring plan to
separate banking and insurance operations, (4) 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, (5) the frequency and severity of
insured loss events, (6) changes affecting mortality and morbidity levels and
trends, (7) changes affecting persistency levels, (8) changes affecting interest
rate levels, (9) changes affecting currency exchange rates, (10) changes in
general competitive factors, (11) changes in laws and regulations, (12) changes
in the policies of governments and/or regulatory authorities, (13) conclusions
with regard to purchase accounting assumptions and methodologies, (14) changes
in ownership that could affect the future availability to us of net operating
loss, net capital and built-in loss carry forwards, and (15) ING's ability to
achieve projected operational synergies. 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.
PDF-version of press release:
http://hugin.info/130668/R/1548373/475843.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#1548373]
Unternehmensinformation / Kurzprofil:
Datum: 21.09.2011 - 08:00 Uhr
Sprache: Deutsch
News-ID 68223
Anzahl Zeichen: 5307
contact information:
Town:
Amsterdam
Kategorie:
Business News
Diese Pressemitteilung wurde bisher 218 mal aufgerufen.
Die Pressemitteilung mit dem Titel:
"ING CRO Koos Timmermans to present at Bernstein conference"
steht unter der journalistisch-redaktionellen Verantwortung von
ING Group (Nachricht senden)
Beachten Sie bitte die weiteren Informationen zum Haftungsauschluß (gemäß TMG - TeleMedianGesetz) und dem Datenschutz (gemäß der DSGVO).
