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Presentation of ING Vice-chairman Koos Timmermans at Goldman Sachs European Financials conference 16 Juni 2015
ING's Think Forward Strategy is one of the topics Mr. Timmermans will elaborate on. He will talk about the digital transformation of both Retail and Commercial Banking which is gaining momentum, illustrated by the rapidly growing proportion of customers who are in contact with ING via a mobile device. In the Netherlands, for example, this number grew from 24% in 2012 to 64% in Q1 2015.
Mr. Timmermans, responsible for ING's Benelux activities, will also review the bank's financial performance in this important region where ING has top three market shares in both Retail and Commercial Banking and give an overview of ING Group's strong Q1 2015 results.
The recent deconsolidation of NN Group by ING Group will be addressed by Mr. Timmermans as well. The remaining stake in NN has been brought back to 38.2% over the past few weeks resulting in a pro-forma CET1 ratio for ING Group of approximately 12.4% on a fully loaded basis.
The press release is available at http://www.ing.com/Newsroom/All-news/Press-releases/ING-Bank-Vicechairman-Koos-Timmermans-to-speak-at-Goldman-Sachs-conference.htm