ING offers savvy alternative to cross-border M&A CGAThompson
ING Groep said on March 25 that it plans to grow its number of primary retail customers, who use the bank for more than simply depositing funds, by around 1 million per year to reach 16.5 million by 2022, up from 12.5 million currently, according to a presentation given by the Dutch bank.
Separately, CEO Ralph Hamers reaffirmed a progressive dividend pledge, and the bank’s target to achieve a return on tangible equity of between 10 and 12 percent over the long term, and bring its costs to between 50 and 52 percent of revenue.
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