ING has recently announced that its net result for the first quarter of 2024 stands at 1.578 billion euros, marking a slight decrease from its previous year's value of 1.591 billion euros. Additionally, a share repurchase program worth 2.5 billion euros has also been launched.
In light of the current scenarios and assumptions, ING anticipates its total income in 2024 to remain robust within a positive rate environment, albeit potentially lower than that of 2023. The firm's objective is to increase its fee income by 5%-10%, as stated in the company's announcement.
The total income for the first quarter of 2024 reached 5.583 billion euros, reflecting a 0.3% increase from last year's figure. This growth has been attributed to continuous momentum within both retail banking and wholesale banking sectors.
It was also revealed by ING that they have acquired 99,000 primary customers during this quarter. This group includes both new and pre-existing customers who opt for a payment account in addition to at least one other product offered by the company.