(CercleFinance.com) – Before an investors day planned for Monday in London, ING announces its financial objectives for the period 2024-27, ‘showing structurally improved profitability and still attractive returns for shareholders’.
During this period, the Dutch bank aims to increase its number of core mobile customers by one million per year and expects annual growth in total revenue of 4 to 5%.
For 2027, it forecasts fee income of five billion euros, a cost-to-income ratio of 52-54% and a return on equity of 14%. Its CET1 ratio objective of around 12.5% by the end of 2025 is reaffirmed and will be periodically revised.
Concerning its environmental policy, ING will continue to lead its portfolio towards carbon neutrality by 2050, and updates its objective of sustainable volume mobilized to 150 billion euros per year by 2027.
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