ING Group

ING is running a bids-wanted-in-competition auction to sell a portfolio of 12 data center loans totaling roughly $500 million, with bids of $10 million or more due by Nov. 19. The package reportedly includes a $25 million piece tied to the Stargate project (involving OpenAI, SoftBank and Oracle) and loans linked to Vantage Data Centers and CyrusOne. The sale reflects broader bank efforts to offload AI-related data center credit risk to private credit firms, asset managers and insurers amid political scrutiny and concerns about construction slowdowns. » Mere på cnbc.com

ING chief Steven van Rijswijk says the bank is prepared to seize larger consolidation opportunities in Europe, but is prioritizing organic growth and smaller acquisitions. Recently, ING acquired stakes such as 40% of Spain’s Singular Bank and took full control of the Polish fund manager Goldman Sachs TFI to broaden its product and service offering. The aim is to close gaps in the portfolio and become more relevant as a more universal bank in additional markets. » Mere på finanzen.net

ING announces a €1.65 billion share buyback and an additional cash distribution of €250 million for January 2027. Net profit rose to €1.85 billion in the third quarter but missed analyst expectations (€1.97 billion), weighed down by higher risk provisions of €403 million. The bank increased provisioning partly for project financing and reported problems with fiber-optic loans in Germany; the common equity tier 1 (CET1) ratio stands at 13.3 percent. As a result, ING is announcing a comprehensive restructuring of its corporate banking business. » Mere på handelsblatt.com

ING reports a third-quarter net profit of €1.85 billion (+3.5%), which is below analysts' estimates of around €2 billion. Revenues rose to €6.2 billion, net interest income increased 15% to €4.3 billion, while other income fell and provisions for bad loans climbed to €403 million. The bank plans up to €1.9 billion for dividends and share buybacks and announced the reduction of 400 roles in its large corporate business, but remains on track with annual targets, aiming for a return on tangible equity of over 15% by 2026. » Mere på finanzen.net

ING is launching a €1.65 billion share buyback and plans an additional cash distribution of €250 million in January 2027. Net profit rose to €1.85 billion in the third quarter but fell short of analysts' expectations of €1.97 billion. A higher risk provision for loan losses of €403 million and slightly increased costs weighed on results; the common equity Tier 1 (CET1) ratio stood at 13.3%. As part of a reorganization of its corporate banking business, around 400 positions worldwide are to be eliminated. » Mere på handelsblatt.com