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ING Group forecasts that the Central Bank of Azerbaijan will maintain its interest rate at 7.25% until late 2025, with expectations for a gradual increase to 7.5% in Q3 2026 and 7.75% in Q4 2026. Currently, the interest rate corridor is set between 6.25% and 8.25%.
Azerbaijan's Central Bank is expected to begin tightening its monetary policy in Q3 2026, according to forecasts from ING Group. The bank will maintain the discount rate at 7.25% until the end of 2025, with an anticipated increase to 7.5% in Q3 2026 and 7.75% in Q4 2026.
Ukraine's banking system, while stable, is too small and undercapitalized to drive the country's post-war recovery, according to Oleksandr Pysaruk, Board Chairman of Raiffeisen Bank Ukraine. With total assets at about 60% of GDP and a loan portfolio at only 15%, significant recovery efforts will require attracting international creditors and investors, as the banking sector alone cannot meet the estimated $486 billion recovery costs. Pysaruk emphasizes the importance of maintaining a favorable corporate tax rate for banks and the role of international financial institutions in mobilizing necessary resources.
UBS has increased its target price for ING Group from €20.60 to €21.00 while maintaining a "Buy" rating. Analyst Johan Ekblom highlighted the market's underestimation of the Dutch bank's growth potential, particularly in Germany, and anticipates a significant profit increase by 2026.
ING Groep N.V. is the leading financial services group in the Benelux, with retail banking contributing 66.7% to its revenues. The group's revenue distribution includes 33.2% from the Netherlands, 20.9% from Germany, and 17.8% from Belgium. By the end of 2023, it is projected to manage EUR 650.3 billion in deposits and EUR 642.4 billion in loans.
UBS has increased its price target for ING from €20.60 to €21.00, maintaining a "Buy" rating. Analyst Johan Ekblom highlighted the market's underestimation of the Dutch bank's growth potential, particularly in Germany, and anticipates a significant profit increase by 2026.
UBS has maintained a Buy rating on ING Group, raising its price target to EUR21.00, citing a projected 10% CAGR in EPS through 2027, significantly above the sector average. Despite recent revenue challenges, ING reported record total income and plans to distribute €2.5 billion to shareholders, reflecting its commitment to sustainable financing and shareholder value.
ING Group will present its quarterly results for the period ending September 30, 2024, at a financial conference on October 31, 2024. Analysts forecast average earnings per share of EUR 0.509, down from EUR 0.560 year-over-year, with a projected sales decrease of 3.18% to EUR 5.66 billion. For the current fiscal year, average earnings per share are expected to rise to EUR 1.98, while total turnover is estimated at EUR 22.44 billion, significantly lower than the previous year's EUR 60.19 billion.
Barclays has downgraded ING Group shares from "overweight" to "equal-weight" and reduced the price target from €21 to €19.50, citing concerns over the impact of low interest rates on the bank's net interest income. Following this cautious outlook, ING shares fell by 1.45% to €15.65 in Amsterdam. The European Central Bank's recent interest rate cuts are expected to continue, posing further challenges for traditional banking operations.
ING shares are under pressure due to a deteriorating economic outlook, despite better-than-expected Q3 results. The stock is testing crucial support at €14.50, with a potential bearish reversal if it falls below this level, targeting €12.00. Upcoming eurozone economic data will be pivotal for the bank"s performance.
ING Groep N.V.
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The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
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