Ing Groep Nv (INGVF) Q2 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

Hey Steven, welcome to second quarter on air. Hey Melinda. It's almost summer time, is your out of office on yet? Not yet. So we've been doing this for a few quarters, what do you think my first question is? How do you feel about the quarter? Oh my gosh, you're psychic. How do you feel about the quarter? Well, in one word I would say excellent. We had very strong results in all of our business lines. More customers doing business with ING, more customers choosing for ING. So yeah, I'm happy with the excellent quarter. So looking at wholesale banking, what stood out for you there? It was very solid. Strong results across lending, trade, banking and financial markets. We saw in the past quarter that we had some delayed deals coming out of the pipeline because given all these uncertainties. This quarter we continue to momentum with new deals as clients continue to invest in our business. So a good momentum. And last but not least, we continue to help our customers get to a lower carbon economy. And that means that in the first half of this year, our sustainable finance mobilized grew with 28% compared to the first half of 2025. So really good. Okay, and so looking at retail banking, how did we do there? Yeah, very strong quarter as well. There we saw a continued increase in lending. If you look at mortgages, we helped more customers with them buying their homes and us financing it. If you look at business banking, very strong finance growth as well. And more people invested with ING. As you know, that's a big focus area for us because we want to get more Europeans invested. Speaking of investments, we made an acquisition. 40% of Singularbank in Spain. Do the possibilities get you excited? Very excited. There's a lot of excitement there. As you know, we have always said ...