ING Group reported a second-quarter 2026 net result of €1,947 million, with profit before tax rising 23% year on year and 29% quarter on quarter to €2,919 million, as the Dutch lender reported accelerated growth in its customer base and customer balances. Total income rose 10% and the net result increased 16% year on year, supported by growth in both interest and fee income.
The Amsterdam-based group added 377,000 mobile primary customers during the quarter, with strong contributions from the Netherlands, Germany and Spain. That inflow was accompanied by €15.2 billion of net core lending growth and €15.9 billion of net core deposit inflows, according to the group's press release.
LENDING AND CUSTOMER GROWTH ALIGN
Retail Banking accounted for €12.1 billion of the increase (including €7.1 billion of mortgages) and Wholesale Banking for about €3 billion; mortgage growth was strongest in the Netherlands, Germany, Italy and Australia, and Business Banking lending rose by €4.2 billion.
Retail deposits grew by €16.7 billion, retail fee income rose 16% year on year and the number of active investment product customers increased by 110,000 in the quarter.
PROFIT MOMENTUM ACCELERATES
Profit before tax rose 29% from the first quarter of 2026. Expenses increased, mainly reflecting wage inflation and investment in business growth, while risk costs were 15 basis points of average customer lending, below the through-the-cycle average. Fee income rose 14% year on year to €1,278 million.
Return on tangible equity was 17.0% in the quarter and 14.5% on a four-quarter rolling basis, and the CET1 ratio was 13.1%.
Chief executive Steven van Rijswijk said ING had had "an excellent second quarter of 2026, with strong results across all business lines as more customers did more business with us". ING also raised its 2026 and 2027 outlook for fees and total income, now expects a return on tangible equity above 15% in 2026 and above 16% in 2027, and announced an interim cash dividend of €0.40 per share.