ING confident of capital target despite headwinds
Dutch lender ING said that although its Common Equity Tier 1 (CET1) capital ratio will come under pressure in coming quarters, it’s sticking to its 13.5% target.
The bank projects risk-weighted assets (RWAs) to grow by 15% to 18% in coming quarters as it adapts to the implementation of Basel III capital rules, scheduled to come into force from 2021, and also in the near-term because of the targeted review of internal models (Trim), which is being conducted by the European Central Bank.
The
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