Marta Sánchez Romero's questions to ING Groep NV (ING) leadership • Q4 2024
Question
Marta Sánchez Romero of Citi asked if the Russia exit signals a broader review of ING's geographic footprint and whether more actions to address suboptimal markets could be expected.
Answer
Executive Steven van Rijswijk positioned the Russia exit as a specific situation driven by the war, consistent with prior statements. He affirmed that the company continuously evaluates all businesses for long-term returns, citing past retail exits in the Czech Republic, Austria, and France as evidence of this ongoing portfolio optimization strategy.