AMSTERDAM (dpa-AFX) - Dutch financial services firm ING Group (ING), ahead
of its Capital Markets Day 2024 on Monday, reaffirmed its CET1 ratio target of
around 12.5 percent by end of 2025. The company also announced financial targets
for the period 2024-2027, targeting an annual total income growth of 4 percent
to 5 percent.

For 2027, the company targets a fee income of 5 billion euros, a cost/income
ratio of 52-54 percent and a return on equity of 14 percent.

Under the headline 'Growing the difference', CEO Steven van Rijswijk and the
other executives will provide an update on the next phase of ING's strategy. The
company aims at being the best European bank by accelerating growth, increasing
impact, and delivering value.

Regarding its targets for the period 2024-2027, the company said it expects
structurally improved profitability, and to grow the number of mobile primary
customers by one million per annum.

The company further said it continues to manage its portfolio towards net-zero
by 2050, taking a science-based approach per sector. ING plans to phase out
financing of oil and gas production by 2040 while aiming to triple the financing
of renewable energy to 7.5 billion euros annually by 2025.

ING updated its target for sustainable volume mobilised to 150 billion euros per
annum by 2027.



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