ING Group reported a net profit of €1,455 million for the first quarter of 2025, underpinned by strong commercial momentum and robust financial performance across both retail and wholesale banking segments.
Pre-tax profit rose to €2,124 million, supported by continued growth in customer balances and fee income, particularly from investment products. ING’s CET1 capital ratio stood firm at 13.6percent, reflecting its stable capital position. Total income remained resilient, buoyed by an excellent rise in deposits, increased mortgage volumes—especially in the Netherlands and Germany—and strong performance in Financial Markets.
Operating expenses excluding regulatory costs were slightly lower quarter-on-quarter, while risk costs came in at €313 million, remaining below the bank’s long-term average due to solid portfolio quality.
CEO Steven van Rijswijk emphasized ING’s role in supporting clients through geopolitical and economic uncertainty, noting, “We delivered continued commercial growth, driven by strong deposit inflows and increased mortgage lending. Our scale, strong performance and robust capital position allow us to provide critical support and seize new opportunities.”
Retail banking saw the mobile primary customer base expand by 174,000, led by growth in Germany, the Netherlands, Spain, and Poland. Retail fee income surged 18 percent year-on-year, supported by rising investment activity and higher assets under management. Mortgage applications climbed 20 percent to 125,000.
In wholesale banking, income remained stable amid volatile markets, with fee income rising due to gains in global capital markets and trade finance. Sustainable finance remained a strategic focus, with €30 billion in mobilized sustainable volume—a 23 percent increase versus the prior year.
In a signal of confidence in its capital strength, ING announced a €2.0 billion share buyback as it continues to align its CET1 ratio with long-term targets.
The bank remains on track to meet its 2027 goals, with van Rijswijk thanking employees for their role in delivering solid first-quarter results.
