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    Johan Ekblom • UBS

    Johan Ekblom's questions to ING Groep NV (ING) leadership

    Johan Ekblom's questions to ING Groep NV (ING) leadership • Q2 2025

    Question

    Johan Ekblom of UBS Group asked for a look ahead to 2026 NII drivers, balancing headwinds from the replicating book with tailwinds from deposit repricing. He also questioned the sustainability of strong mortgage growth and the reasons for a pickup in the Belgian loan book.

    Answer

    CEO Steven van Rijswijk attributed strong mortgage volumes to housing shortages and improved processes, noting growth is seen across markets like the Netherlands, Belgium, and Germany. The Belgian business banking growth was due to a large, volatile client. CFO Tanate Phutrakul detailed the 2026 outlook, with higher lending margins expected from a better loan mix, and repricing benefits on savings and term deposits helping to offset the €300 million headwind from replication.

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    Johan Ekblom's questions to ING Groep NV (ING) leadership • Q1 2025

    Question

    Johan Ekblom from UBS asked for an update on the timeline and potential Q1 impact of significant risk transfer (SRT) trades. He also requested an update on the progress of the Business Banking rollout in Germany.

    Answer

    CFO Tanate Phutrakul stated that an SRT trade is planned for the second half of 2025, with an expected CET1 relief of around 10 basis points. CEO Steven van Rijswijk reported that the German Business Banking rollout is progressing well, focusing on the digital proposition for SMEs, with continued untapped potential.

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