0639 GMT - ING Groep temporarily raised a key measure of balance sheet strength above its long-term target and this is likely to prompt some questions, RBC Capital Markets says in a research note. The Dutch bank's first-quarter common equity tier 1 ratio was 13.6% and it guided for 12.8% to 13.0% for 2025 to take into consideration geopolitical and macroeconomic uncertainty. Consensus is already slightly above the bank's long-term view of 12.5% for the next three years anyway, analyst Anke Reingen and associate Matthew Russell write. ING launched a 2.0 billion-euro buyback and will update the market on shareholder returns at its third-quarter results, as usual. (elena.vardon@wsj.com)
(END) Dow Jones Newswires
May 02, 2025 02:39 ET (06:39 GMT)
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