ING posts 2Q2026 net result of €1,947 million, reflecting accelerated growth in customer base and customer balances.

“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.”