ING Groep NV 1Q 2015 -- Forecast

FRANKFURT--The following is a summary of analysts' forecasts for ING Groep NV (ING) first-quarter results, based on a poll of five analysts conducted by Dow Jones Newswires (figures in million euros, EPS, dividend and target price in euro,

according to IFRS). Earnings figures are scheduled to be released May 7.

=== 
                                            EBT 
               Interest  Commission     Banking 
1st Quarter      result      income  Underlying 
AVERAGE           3,173         583       1,446 
Prev. Year        3,027         560       1,176 
+/- in %           +4.8        +4.1         +23 
 
MEDIAN            3,167         587       1,424 
Maximum           3,201         604       1,514 
Minimum           3,154         568       1,412 
Amount                5           5           5 
 
Deutsche Bank     3,163         604       1,412 
J.P. Morgan       3,201         568       1,424 
Kepler Cheuvreux  3,167         568       1,465 
Morgan Stanley    3,181         588       1,416 
Rabobank          3,154         587       1,514 
 
           Target price  Rating 
AVERAGE           14.24  positive 2 
Prev. Quarter     13.28  neutral  2 
+/- in %           +7.2  negative 0 
 
MEDIAN            14.50 
Maximum           15.75 
Minimum           12.20 
Amount                4 
 
J.P. Morgan       14.50  Overweight 
Rabobank          15.75  Buy 
Deutsche Bank     14.50  Hold 
Kepler Cheuvreux  12.20  Hold 
=== 

Year-earlier figures are as reported by the company.

DJG/mus 

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