Ing Groep N.v. · EURONEXT:INGA
Ing Groep — Investor Day (June 2024)
12 slides from Ing Groep's investor day presentation, Jun 17, 2024
Slide 1: Growing the difference
Growing the difference Accelerating growth, increasing impact, delivering value Capital Markets Day 2024 Andrew Bester, Wholesale Banking 17 June 2024
Slide 2: A leading European Wholesale Bank, powered by a global network
A leading European Wholesale Bank, powered by a global network Who we are The ING difference #1 The ING difference #2 The ING difference #3 Our global reach, with local experts We are sector experts We are sustainability pioneers ▪ 35 countries, a global network ▪ Deep expertise in our 7 chosen ▪ Ma
Slide 3: Delivered our 2025 targets
Delivered our 2025 targets Where we are now Financial targets 2025 Income growth Maintain low €125 bln <50% >10% Improve in line with through-the-cycle Sustainable Cost/income ROE by 2025 income/RWA Group guidance risk costs volume mobilised ratio Results 2023 462 bps €7,057 mln -5 bps1) €115 bln 47
Slide 4: Progressing strongly on strategic priorities
Progressing strongly on strategic priorities Where we are now Client portfolio Average income optimisation per client 35% 110% Increase capital efficiency # of clients vs 2019 vs 2019 Portal customer Net interactions Promoter Score 5% CAGR 72 points Ensure efficient and seamless digital delivery sin
Slide 5: Continuous focus on execution
Continuous focus on execution Our strategic priorities We defined these must-wins Financing Scaling product Digital Capital the transition foundations delivery management Best European Wholesale Bank… powered by our global network Defined by: High NPS Digital Leading Sustainable Sustainability leade
Slide 6: Leading the transition finance opportunity
Leading the transition finance opportunity Our strategic priorities 4 sectors on track to meet 3 sectors tracking within Net-zero targets 2030 intermediate targets1) 5% of benchmark2) for most carbon-intensive sectors Continue managing our portfolio to net-zero by 2050 Phase out financing of upstrea
Slide 7: We see further opportunities
We see further opportunities Our strategic priorities Optimising capital efficiency Peers1) Income/average RWA ~3.5% Broaden risk Peers1) distribution tools 707 SRT2) outstanding as % of total loans 0% ING 245 >140% Increase deposit / Transaction Services 34% Deposit-to-loan ratio 462 ~85% Increase
Slide 8: Scaling our product foundations to further diversify income
Scaling our product foundations to further diversify income Our strategic priorities Shifting growth to fee generating and capital light products To further diversify income Capital Cost Income intensity density growth ▪ Increase capital velocity with SRT ▪ Expand lead arranger roles Lending ~67% ▪
Slide 9: Digital delivery supporting our products and services
Digital delivery supporting our products and services Our strategic priorities Driving efficiency through radical digitalisation & standardisation ▪ One digital platform ▪ Further digitalisation of deal execution processes Lending ▪ (Gen)AI based credit packs review ▪ Strengthen payment platforms ▪
Slide 10: Continue focusing on capital management
Continue focusing on capital management Our strategic priorities Management actions have absorbed regulatory add-on and volume growth RWA (in € bln) 5 22 155 150 management actions -32 RWA 2019 Regulatory New Client Model Data quality RWA 2023 impact volumes portfolio optimisation and balance optimi
Slide 11: Our targets confirm our ambition to be the best European bank
Our targets confirm our ambition to be the best European bank Our targets To be the best European bank by Income Risk costs Sustainable Cost/income Increase Return on growth maintained low volume mobilised ratio income/RWA equity1) in line with through-the-cycle by 2027 by 2027 2024-2027 by 2027 Gro
Slide 12: Important legal information
Important legal information 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 ar