ING Targets Average Annual Income Growth of 3% for 2022-2025

ING, a global financial institution with a strong European base, offering banking services through its operating company ING Bank, has released its financial targets for the period 2022-2025.

In this period, the company targets an average annual total income growth of 3% and an annual average fee income growth between 5% and 10%. For 2025, it targets a cost income ratio of 50-52%, a CET1 ratio of around 12.5% and a return on equity of 12%.

"In addition to these financial targets, we have set a target for our commitment to support our Wholesale Banking clients in their green transition and commit to mobilise €125 billion of sustainable finance per annum by 2025. We intend to lead in the sustainable transition and by focusing on the volume mobilised, we clearly mark transactions where we support our clients' transition towards their own sustainability goals as well as delivering on our commitment to reduce the CO2 emission intensity of ING's portfolio,"said Steven van Rijswijk, CEO of ING.