- Like many of its continental peers, Dutch bank ING has sold off considerably since the Russian invasion of Ukraine.
- ING's ultra-profitable domestic retail banking business helps to support higher group-wide profitability versus its peer group.
- The bank has struggled under an unfavorable operating environment, and 2021 results were again a bit so-so.
- At 0.7x tangible book value, yielding in excess of 6% as a dividend, and with significant capital returns on the horizon, these shares look attractive.
For further details see:
ING Groep: Attractive At 0.7x Tangible Book And A 6.4% Yield