ING posts 2Q2026 net result of €1,947 million, reflecting accelerated growth in customer base and customer balances
| ING posts 2Q2026 net result of €1,947 million, reflecting accelerated growth in customer base and customer balances | |
| Profit before tax of €2,919 million, up 23% year-on-year and 29% quarter-on-quarter | |
| • | Mobile primary customer base expands by 377,000 in the quarter, demonstrating continued commercial momentum |
| • | €15.2 billion of net core lending growth and €15.9 billion of net core deposit inflows |
| • | Fee income of €1,278 million, up 14% year-on-year and 3% higher quarter-on-quarter |
| • | Return on tangible equity 17.0% in 2Q2026 and 14.5% on a four-quarter rolling basis; CET1 ratio 13.1% |
| • | ING will pay an interim cash dividend of €0.40 per ordinary share |
| • | Upgraded 2026 and 2027 outlook for fees and total income, with ROTE now expected at >15% and >16%, respectively1) |
| CEO statement “ING has had an excellent second quarter of 2026, with strong results across all business lines as more customers did more business with us,” said Steven van Rijswijk, CEO of ING. “These results reflect the continued progress we are making and show that we are successfully supporting our clients and customers during this period of ongoing uncertainty. “During the quarter, more customers have chosen to bank with ING, with our mobile primary customer base growing by 377,000, with strong contributions from the Netherlands, Germany and Spain. Total income was 10% higher and the net result has increased 16% year-on-year, supported by growth in both interest and fee income, reflecting our strong commercial momentum across the franchise. “In Retail Banking, lending has grown by €12.1 billion, or 9% on an annualised basis. We have helped more people finance their homes, leading to a €7.1 billion growth in mortgages, especially in the Netherlands, Germany, Italy and Australia. We have also extended more loans to our Business Banking clients, resulting in lending growth of €4.2 billion. And customers have continued to entrust more of their savings to us, supported by successful deposit gathering campaigns across several markets and resulting in €16.7 billion Retail deposits growth, or 10% on an annualised basis. "Retail fee income has grown by 16% year-on-year, benefiting from our growing customer base and increased customer activity. We also continued to help more customers invest for their future. The number of active investment product customers has increased by 110,000 in the quarter, with strong growth in Germany in particular, and total assets under management have grown 27% year on year to €322 billion, partially supported by the full consolidation of Polish asset manager TFI, after acquiring the remaining stake. To further accelerate our growth in Private Banking, we have announced a strategic investment in leading Spanish wealth manager Singular Bank, which will strengthen our position in one of Europe’s largest wealth markets. The transaction is expected to close in the first quarter of 2027. “In Wholesale Banking, we have seen strong performance across Lending, Daily Banking & Trade Finance, and Financial Markets. Quarterly lending growth was €3 billion, or 6% on an annualised basis, mainly driven by consistent demand for financing from our clients as well as growth in Transaction Services. We also improved capital efficiency, reducing riskweighted assets despite continued lending growth. Wholesale Banking fee income has increased 11% year-on-year, as we continue to support more clients in their investment needs. “Expenses increased, mainly reflecting wage inflation and continued investments to support business growth, including marketing expenses. Risk costs have remained below the through-the-cycle average at 15 basis points of average customer lending. Return on tangible equity was 17.0% in the second quarter, bringing the four-quarter rolling average to 14.5%. Our CET1 ratio was 13.1%, which includes the €1.0 billion RWA relief from another significant risk-transfer (SRT) transaction completed during the quarter. “As we continue to support our clients in their transition to a more sustainable future, we financed €86.5 billion in sustainable volume mobilised in the first half of 2026. Furthermore, we helped more customers finance energy-efficient homes and provided more financing for home renovations aimed at improving energy efficiency. “Looking ahead, we remain well positioned to support our customers and clients, as we build on our strong momentum and disciplined strategic execution. We thank our employees for their dedication and contribution to these results.” 1) See footnote on page 5. | |
| Further information All publications related to ING’s 2Q 2026 results can be found at the quarterly results page on ing.com. For more on investor information, go to the Investor Overview on ing.com. A short ING ON AIR video with CEO Steven van Rijswijk discussing our 2Q 2026 results is available on Youtube. For further information on ING, please visit www.ing.com. Frequent news updates can be found in the Newsroom or via the @ING_news feed on X. Photos of ING operations, buildings and its executives are available for download at Flickr. | |
| Investor conference call and webcast Steven van Rijswijk (CEO), Ida Lerner (CFO) and Andrea Cesaroni (CRO) will discuss the results in an Investor conference call on 30 July 2026 at 9:00 a.m. CEST. Members of the investment community can join the conference call at +31 20 708 5074 (NL), or +44 330 551 0202 (UK) (registration required via invitation) and via live audio webcast at www.ing.com. | |
| Investor enquiries T: +31 20 576 6396 E: investor.relations@ing.com Press enquiries T: +31 20 576 5000 E: media.relations@ing.com | |
| ING Profile ING is a global financial institution with a strong European base, offering banking services through its operating company ING Bank. The purpose of ING Bank is: empowering people to stay a step ahead in life and in business. ING Bank’s more than 60,000 employees offer retail and wholesale banking services to customers in over 100 countries. ING Group shares are listed on the exchanges of Amsterdam (INGA NA, INGA.AS), Brussels and on the New York Stock Exchange (ADRs: ING US, ING.N). ING aims to put sustainability at the heart of what we do. Our policies and actions are assessed by independent research and ratings providers, which give updates on them annually. ING's ESG rating by MSCI has been upgraded from 'AA' to 'AAA' in October 2025. As of June 2025, in Sustainalytics’ view, ING’s management of ESG material risk is ‘Strong’ with an ESG risk rating of 18.0 (low risk). ING Group shares are also included in major sustainability and ESG index products of leading providers. Here are some examples: Euronext, STOXX, Morningstar and FTSE Russell. | |
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