ING Groep NV (NYSE:ING) Q4 2023 Earnings Conference Call February 1, 2024 3:00 AM ET

Company Participants

Steven van Rijswijk - CEO

Tanate Phutrakul - CFO

Conference Call Participants

Giulia Miotto - Morgan Stanley

Tarik El Mejjad - Bank of America Merrill Lynch

Raul Sinha - JPMorgan Chase & Co.

Samuel Moran-Smyth - Barclays Bank

Kirishanthan Vijayarajah - HSBC

Michael Harrison - Redburn

Benoit Petrarque - Kepler Cheuvreux

Johan Ekblom - UBS

Hugh Moorhead - Berenberg

Marta Sánchez Romero - Citigroup

Operator

Good morning. This is Saskia, welcoming you to ING's Fourth Quarter 2023 Conference Call. Before handing this conference call over to Steven van Rijswijk, Chief Executive Officer of ING Group, let me first say that today's comments may include forward-looking statements such as statements regarding future developments in our business, expectations for our future financial performance and any statement not involving a historical fact. Actual results may differ materially from those projected in any forward-looking statements as discussion of factors that may cause actual results to differ from those in any forward-looking statements is contained in our public filings, including our most recent annual report on Form 20-F filed with the United States Securities and Exchange Commission. Noting in today's comments constitutes an offer to sell or a solicitation of an offer to buy any securities.

Good morning, Steven, over to you.

Steven van Rijswijk

Thank you very much, Saskia. Good morning, and welcome to our results call for the fourth quarter. I hope you're all well and had a good start of the year. And as usual, I'm joined by our CRO, Ljiljana Cortan; and our CFO, Tanate Phutrakul. In today's presentation, I would like to highlight our exceptional results in 2023, discussed that the developments that we saw in the fourth quarter and share our outlook for 2024. And as always, there will be room for questions at the end of the call. First, I will start with explaining how we were impacted by the developments in the world around us on Slide 2.

Notably, we live in a world with increasing geopolitical tensions and conflicts in many countries, resulting in the loss of many lives. And we're saddened and concerned by the devastating impacts that these conflicts are having and the threat that they pose to international stability and security and these tensions also have an ongoing effect on the global economy and have led to heightened economic uncertainty and increased pressure on supply chains.