ING Group recorded a net profit of EUR 1,455 million in the first quarter of 2025, with profit before tax reaching EUR 2,124 million. The bank published its results on 2 May 2025 and announced a EUR 2 billion share buyback programme.
Fee income rose 10% year-on-year to EUR 1,094 million. Net profit was below the EUR 1,578 million of the first quarter of 2024.
DEPOSITS AND MOBILE CUSTOMERS
Net core deposit growth in the quarter reached EUR 22.6 billion, described by the bank as the highest ever recorded in a single quarter.
Digital engagement continued to advance, with mobile primary customers growing by 174,000 in the quarter to 14.5 million, around 36% of the 40 million private individual customers ING serves.
The common equity tier 1 ratio stood at 13.6% at the end of the quarter.
EUR 2 BILLION BUYBACK
The buyback programme is to be carried out through market purchases.
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