Brief: ING Posts Q4 Total Income Of EUR 5,797 Million, Upgrades 2027 Outlook
29/01/2026 06:13
Jan 29 (Reuters) - ING Groep NV INGA.AS: Q4 TOTAL INCOME EUR 5,797 MILLION VERSUS. ESTIMATE EUR 5,654 MILLION NET FEE INCOME EUR 1,221 MILLION VERSUS. ESTIMATE EUR 1,121 MILLION CET1 CAPITAL RATIO 13.1% PRETAX PROFIT EUR 2,095 MILLION VERSUS. ESTIMATE EUR 1,957 MILLION Q4 NET INTEREST INCOME EUR 3.93 BILLION VERSUS EUR 3.90 BILLION IN COMPANY CONSENSUS FINAL CASH DIVIDEND OVER 2025 OF €0.736 PER ORDINARY SHARE. Q4 NET RESULT EUR 1.41 BILLION VERSUS ESTIMATE EUR 1.34 BILLION RETURN ON TANGIBLE EQUITY (ROTE) OUTLOOK OF >14% FOR 2026 AND AN OUTLOOK OF >15% FOR 2027 WE EXPECT A TOTAL INCOME OF AROUND €24 BILLION IN 2026 OUTLOOK IS SUPPORTED BY VOLUME GROWTH AND AN ANTICIPATED 5-10% INCREASE IN FEE INCOME OPERATING EXPENSES PROJECTED TO BE IN THE RANGE OF €12.6-€12.8 BILLION IN 2026 WE EXPECT AN EFFECTIVE TAX RATE OF 29-31% MAINTAIN OUR CET1 CAPITAL RATIO GUIDANCE AT AROUND 13% OUTLOOK EXCLUDES IMPACT OF PROPOSED SALE OF ING’S BUSINESS IN RUSSIA TO GLOBAL DEVELOPMENT JSC OUTLOOK 2026: WE CONTINUE TO WORK TOWARDS COMPLETING THE TRANSACTION AND OUR EXIT FROM THE RUSSIAN MARKET UPGRADED OUTLOOK 2027: WE EXPECT TOTAL INCOME TO EXCEED €25 BILLION, INCLUDING MORE THAN €5 BILLION IN FEE INCOME UPGRADED OUTLOOK 2027: OPERATING EXPENSES OF AROUND €13 BILLION, AN EFFECTIVE TAX RATE OF 29-31% Source text: ID:nGNE5LP0Lv Further company coverage: INGA.AS (Gdansk Newsroom) ((gdansk.newsroom@thomsonreuters.com; +48 58 769 66 00;))