ING's Q4 pretax profit rises on lending growth, customer base expansion

ING Groep NV

29/01/2026 06:08

Overview

Netherlands-based financial institution's FY2025 net result stable at €6.3 bln

Q4 profit before tax up 18% yr/yr to €2.1 bln

Mobile primary customer base increased by 1 mln in 2025

Outlook

ING Group projects return on tangible equity of >14% for 2026

Company upgrades financial outlook for 2027

Company cites geopolitical uncertainty as a factor in future strategy

Result Drivers

CUSTOMER GROWTH - Mobile primary customer base rose by 1 mln in 2025, reaching 15.4 mln, contributing to overall growth

FEE INCOME - Fee income increased by 15% to €4.6 bln, driven by demand for investment products

LENDING GROWTH - Net core lending grew by €57 bln, driven by mortgage and business banking expansion

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q4 Total income
EUR 5.80 bln
Q4 CET1 Capital Ratio
13.10%
Q4 Net Fee Income
EUR 1.22 bln
Q4 Pretax Profit
EUR 2.10 bln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 14 "strong buy" or "buy", 6 "hold" and 1 "sell" or "strong sell"

Wall Street's median 12-month price target for ING Groep NV is €25.85, about 4% above its January 28 closing price of €24.85

The stock recently traded at 11 times the next 12-month earnings vs. a P/E of 10 three months ago

Press Release: ID:nGNE5LP0Lv

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)