UBS has adjusted its price target for ING to €20.6, reflecting a potential upside of 32%, while maintaining a Buy recommendation. Despite falling interest rates and net interest income below expectations, ING's growth strategy is yielding positive results, with retail volumes and commissions exceeding forecasts. The Group reported a net income of €1,880 million, down from €1,982 million in Q3 but up from €1,780 million in the previous quarter.