Anke Reingen's questions to ING Groep NV (ING) leadership • Q4 2024
Question
Anke Reingen of RBC asked if the 54-55% cost-to-income ratio target for 2025 was still achievable and if RWA growth could be lower than the 4% lending growth due to SRTs.
Answer
CFO Tanate Phutrakul projected a cost-to-income ratio below 56% for 2025, maintaining the 52-54% target for 2027. Executive Steven van Rijswijk explained that RWA growth is already expected to be slightly below loan growth due to the concentration in lower-risk mortgages, even before the impact of mitigating actions like SRTs.