Is ING a strong bank?

ING is a global bank with a strong European base. Our more than 57,000 employees serve around 38 million customers, corporate clients and financial institutions in over 40 countries.

Does ING have a government guarantee?

Over 1,700 employees. Holder of an Australian banking licence since 1994. Regulated by the Australian Prudential Regulation Authority (APRA), like all banks. Combined savings balances of up to $250,000 per customer are guaranteed by the Australian Government.

Is ING any good?

ING is one of the best banks because of their focus on customer service and low fees. They provide an excellent product at an industry leading price.

Why is ING stock falling?

Why Shares of ING Groep Are Falling Today. Shares of Dutch bank ING Groep NV (NYSE: ING) were down by about 9.1% as of 12:58 p.m. ET Monday, likely due to the financial and economic instability Russia is experiencing as a result of the sanctions being imposed on it for invading Ukraine.

Is ING exposed to Russia?

Logo of ING Bank. AMSTERDAM, March 4 (Reuters) – Dutch bank ING provided an update on Friday on its exposure in Russia and Ukraine, saying that about 700 million euros ($771 million) in outstanding loans were “affected” by “new sanctions on (Russian) specific entities and individuals” by Europe and the United States.

Is ING a stable bank?

Fitch Revises Outlook on ING Groep to Stable; Affirms at ‘A+’ Fitch Ratings – Paris – 25 Nov 2021: Fitch Ratings has revised the Outlooks on ING Groep N.V. and ING Bank N.V.’s Long-Term Issuer Default Ratings (IDRs) to Stable from Negative and affirmed the Long-Term IDRs at ‘A+’ and ‘AA-‘, respectively.

Is ING owned by Westpac?

ING Bank (Australia) Limited (trading as ING since 2017, and as ING DIRECT 1999–2017) is a direct bank operating in Australia. It is a wholly owned subsidiary of the multinational Dutch bank, ING Group. ING Australia holds an Australian banking licence as a foreign subsidiary company.

Is ING stock a buy?

The 20 analysts offering 12-month price forecasts for ING Groep NV have a median target of 13.57, with a high estimate of 17.40 and a low estimate of 10.58. The median estimate represents a +22.88% increase from the last price of 11.05.