Kirishanthan Vijayarajah's questions to ING Groep NV (ING) leadership • Q4 2024
Question
Kirishanthan Vijayarajah of HSBC asked if the Wholesale bank's RWA share could fall below the 45% target, given recent progress, and inquired about assumptions for maturing term deposits in Belgium within the NII guidance.
Answer
Executive Steven van Rijswijk confirmed the 45% Wholesale RWA target for 2027 and said future goals would be updated after more progress. CFO Tanate Phutrakul noted that Belgian term deposits mature late in 2025 and that ING is actively cross-selling, expecting funds to shift into other savings products.