AMSTERDAM (dpa-AFX) - ING (ING) reported that its first-quarter of 2024 net
result was 1.578 billion euros down from 1.591 billion euros in the prior year.
It also announced a share buyback program of 2.5 billion euros.

Based on current assumptions and scenarios, total income in 2024 to remain
strong in a positive rate environment albeit somewhat lower than in 2023. The
company aims to increase fee income by 5%-10%, ING said in a statement.

Total income for the first-quarter of 2024 was 5.583 billion euros, up 0.3% from
the prior year. Growth was supported by sustained momentum in both Retail
Banking and Wholesale Banking.

ING said it added 99,000 primary customers this quarter, comprising new and
existing customers who have chosen to have a payment account and at least one
other product with the company.

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