ING Groep NV ADR

ING: XNYS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	$31.10	Szhnqn	Dwdjnlvq

ING Is the Leader in the Oligopolistic Dutch Banking Sector

Johann Scholtz

Feb 26, 2024

Business Strategy and Outlook

ING is more than merely a play on European interest rates. We believe ING's strong deposit franchises in its core markets is 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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