ING's CFO on 2Q Earnings, Brexit, 2H Outlook

The transcript covers a discussion on the bank's quarterly performance, highlighting client growth and financial results. It analyzes the European economic outlook, noting high consumer and investor confidence. The conversation shifts to loan loss provisions, explaining their gradual increase due to old loans. Brexit preparations and strategic goals, including job relocations and platform simplification, are discussed. Finally, the transcript addresses interest rate expectations and market sentiment, noting a steepening yield curve in Europe.

What was the percentage increase in the bank's clients this quarter compared to the previous one?

• 2%

• 8%

• 4%

• 6%

How does the Eurozone's current economic growth rate compare to pre-crisis levels?

• It is lower

• It is higher

• It is the same

• It is not mentioned

What is the current inflation rate in the Eurozone as mentioned in the video?

• 3.0%

• 2.0%

• 1.3%

• 0.5%

What is the main reason for the gradual pickup in loan loss provisions?

• Depletion of old loan files

• New inflow of difficult loans

• Increase in interest rates

• Economic downturn

What strategic move did the bank make in response to Brexit?

• Closed UK operations

• Moved jobs to London

• Reduced European presence

• Expanded in the US

What is the bank's approach to platform product simplification?

• Eliminating platforms

• Converging to a single platform

• Using multiple platforms

• Outsourcing platforms

What is the market's expectation regarding interest rates in Europe?

• Rates are unpredictable

• Rates will increase

• Rates will remain stable

• Rates will decrease