ING Groep N.V. Q2 2025 Earnings: Strong Growth in Lending Volumes and Fee Income

ING Groep N.V. reported a net result of €1,675 million in Q2 2025, driven by growth in lending volumes and fee income. The company added 14.9 million mobile primary customers, achieved a 12% YoY growth in fee income, and saw a net core lending increase of €15.4 billion for the quarter. Despite margin pressures and currency fluctuations, ING maintained stable total income and advanced its sustainability initiatives. The company remains confident in its strategic direction and financial targets for 2027.

ING Groep N.V., a leading international lender based in the Netherlands, reported robust financial performance for the second quarter of 2025. The company's net result for the period was €1,675 million, surpassing market expectations [2]. This performance was driven by significant growth in lending volumes and fee income, key strategic initiatives, and a strong focus on sustainability.

Key highlights from the quarter include:
- Fee Income Growth: ING Groep reported a 12% year-over-year (YoY) increase in fee income, demonstrating a diversified revenue stream [3].
- Mobile Primary Customers: The company added 14.9 million mobile primary customers, reflecting its commitment to digital transformation [2].
- Net Core Lending: Net core lending increased by €15.4 billion, driven by strong performance in retail banking, particularly in mortgages and business lending [3].
- Sustainability Initiatives: Despite economic uncertainties, ING Groep maintained a focus on sustainability, increasing sustainable finance mobilization and promoting energy-efficient homes [2].

The company's financial performance was supported by resilient income, lower tax rates, and strategic innovations, such as the introduction of a digital bank account for teenagers in Spain [3]. Despite margin pressures and currency fluctuations, ING Groep maintained stable total income, reflecting investor confidence in its strategic direction.

Looking ahead, ING Groep aims to grow its fee income to €5 billion by 2027, with analysts forecasting EPS of $2.34 for FY2025 [3]. The company remains optimistic about its ability to navigate economic uncertainties and maintain profitability.

References:
[1] Reuters. (2025, July 31). International lender ING Groep beats Q2 estimates. Retrieved from https://www.reuters.com/business/finance/international-lender-ing-beats-q2-estimates-2025-07-31/
[2] The Globe and Mail. (2025, July 31). ING Groep reports strong Q2 2025 results amid strategic growth. Retrieved from https://www.theglobeandmail.com/investing/markets/stocks/ING/pressreleases/33808844/ing-groep-reports-strong-q2-2025-results-amid-strategic-growth/
[3] Investing.com. (2025, July 31). Earnings call transcript: ING Groep NV’s Q2 2025 performance and strategic initiatives. Retrieved from https://www.investing.com/news/transcripts/earnings-call-transcript-ing-groeps-q2-2025-performance-and-strategic-initiatives-93CH-4161985