ING Bank Vice-chairman Koos Timmermans to speak at Goldman Sachs conference
Koos Timmermans, Vice-chairman of ING Bank, will address international analysts and investors at the Goldman Sachs European Financials Conference in Rome today.
ING's Think Forward Strategy is one of the topics Mr. Timmermans will elaborate on. He will talk about the digital transformation of both Retail and Commercial Banking which is gaining momentum, illustrated by the rapidly growing proportion of customers who are in contact with ING via a mobile device. In the Netherlands, for example, this number grew from 24% in 2012 to 64% in Q1 2015.
Mr. Timmermans, responsible for ING's Benelux activities, will also review the bank's financial performance in this important region where ING has top three market shares in both Retail and Commercial Banking and give an overview of ING Group's strong Q1 2015 results.
The recent deconsolidation of NN Group by ING Group will be addressed by Mr. Timmermans as well. The remaining stake in NN has been brought back to 38.2% over the past few weeks resulting in a pro-forma CET1 ratio for ING Group of approximately 12.4% on a fully loaded basis.
The full presentation by Mr. Timmermans can be viewed/downloaded via ING's corporate website www.ing.com/presentations or via www.slideshare.net.
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