Update shared on19 Sep 2025
Fair value Increased 2.28%Analysts have raised ING Groep’s price target to €22.20, citing robust 7% deposit growth, accelerating net interest income, and enhanced confidence in sustained earnings momentum.
Analyst Commentary
- Bullish analysts highlight ING’s strong 7% year-over-year deposit growth, positioning it among the top in Europe.
- Net interest income is expected to accelerate from Q4 onwards due to robust deposit trends and ING’s recent reductions in offered interest rates.
- ING has been elevated to a top pick status among European banks, replacing Commerzbank for some analysts.
- Multiple upward revisions in price targets across major brokerages reflect improved confidence in future earnings growth and capital generation.
- Outlook upgrades and higher price targets come despite neutral-to-hold ratings from some institutions, implying consensus optimism but some valuation caution.
What's in the News
- DBS Bank Ltd. added as Co-Lead Underwriter for ING Groep’s $1.5 billion fixed-income offering.
- ING Groep completed repurchase of 40.2 million shares (1.32%) for €738 million under the latest buyback.
- CFO Tanate Phutrakul to step down after the April 2026 Annual General Meeting; search for successor underway.
Valuation Changes
Summary of Valuation Changes for ING Groep
- The Consensus Analyst Price Target has risen slightly from €21.71 to €22.20.
- The Consensus Revenue Growth forecasts for ING Groep has risen from 8.3% per annum to 8.9% per annum.
- The Net Profit Margin for ING Groep has risen slightly from 26.52% to 27.13%.
Disclaimer
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