ING Groep(ING) - 2023 Q3 - Earnings Call Transcript

Our cost-to-income ratio decreased to 51.6%, in line with the '25 target. Our costs are well under control, despite the ongoing pressure from elevated inflation levels, and we also continue to invest in our business, which will support commercial growth and brings operational efficiency in the longer term. On our CET1 ratio, we intend to move to our targeted CET1 ratio of around 12.5% by '25. And as mentioned before, the next steps will reflect the strong capital generation and capital discipline, and we wi ...