Banks in Europe are well positioned for a non-zero interest rate environment. Lower contributions to government funds and excess capital leads to an attractive risk-reward scenario.
Good write up with easy but I guess reasonable thesis.
Reg. gathering deposits: I think there is sth to it, ie stronger player in Germany and trusted brand I guess.
Further: ING has (one of) the top-notch cash pooling solution, incl. for FX accounts (non-EUR), as far as I understood comments from a large German enterprise.
Thanks for your comment. ING is also clearly investing in its capabilities to improve its services. Cash pooling is a great example. I'm afraid that most German banks are still in survive mode or lack the necessary scale to make these investments.
Good read. I've had ING for a while now and I'm planning on keeping it. Given the past economic situation with extremely low interest rates. It's about to increase. Also the extra cash position of ING is something I value in a stock. As a ING user, I can vote for their good app and user experience.
Good write up with easy but I guess reasonable thesis.
Reg. gathering deposits: I think there is sth to it, ie stronger player in Germany and trusted brand I guess.
Further: ING has (one of) the top-notch cash pooling solution, incl. for FX accounts (non-EUR), as far as I understood comments from a large German enterprise.
Thanks for your comment. ING is also clearly investing in its capabilities to improve its services. Cash pooling is a great example. I'm afraid that most German banks are still in survive mode or lack the necessary scale to make these investments.
Good read. I've had ING for a while now and I'm planning on keeping it. Given the past economic situation with extremely low interest rates. It's about to increase. Also the extra cash position of ING is something I value in a stock. As a ING user, I can vote for their good app and user experience.