ING Groep NV ADR

ING: XNYS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	$13.90	Svwwwr	Rxmtzvtg

ING Groep: The Leader in the Oligopolistic Dutch Banking Sector

Johann Scholtz

Jun 24, 2024

Business Strategy and Outlook

We believe ING's strong deposit franchises in its core markets are its greatest competitive advantage. Ultra-low interest rates over much of the preceding decade completely obscured the benefits that come with having a constant source of cheap funding.

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