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ING Groep NV's CEO Discusses Q1 2012 Results - Earnings Call Transcript

ING Groep NV (ING)

Q1 2012 Earnings Call

May 09, 2012 3:00 am ET

Executives

Jan H. M. Hommen - Chief Executive Officer, Chairman of The Executive Board, Member Management Board Insurance, Member of Management Board Banking, Chief Executive Officer of Ing Bank and Chief Executive Officer of Ing Insurance

Matthew J. Rider - Chief Administrative Officer

Wilfred F. Nagel - Chief Risk Officer, Member of The Management Board Banking and Member of The Management Board -Insurance

Patrick G. Flynn - Chief Financial Officer, Member of Executive Board, Member Management Board Insurance, Chief Financial Officer of Ing Bank and Chief Financial Officer of Ing Insurance

Analysts

Spencer Horgan - Deutsche Bank AG, Research Division

Michael van Wegen - BofA Merrill Lynch, Research Division

Michael Huttner - JP Morgan Chase & Co, Research Division

Francesca Tondi - Morgan Stanley, Research Division

Francois Boissin - Exane BNP Paribas, Research Division

Unknown Analyst

Farooq Hanif - Morgan Stanley, Research Division

Hans Pluijgers - CA Cheuvreux, Research Division

William Elderkin - Societe Generale Cross Asset Research

Benoit Petrarque - Kepler Capital Markets, Research Division

Jan Willem Weidema - ABN AMRO Bank N.V., Research Division

William Hawkins - Keefe, Bruyette & Woods Limited, Research Division

Federico Salerno - MainFirst Bank AG, Research Division

Matthias De Wit - Petercam, Research Division

Presentation

Operator

Ladies and gentlemen, thank you for holding. This is Yvonne, welcoming you to the ING Q1 2012 Conference Call. Before handing this conference over to Mr. Jan Hommen, Chief Executive Officer of ING Groep, 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. A discussion of factors that may cause actual results to differ from those in any forward-looking statement 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, and our earnings press release as posted on our website today. Furthermore, nothing in today's comments constitutes an offer to sell or a solicitation of an offer to buy any securities. Good morning, Jan. I will now hand the conference over to you. Please go ahead.

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