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ING signals an upward trend in deposits after capturing up to 1,300 million

Date: June 25, 2024 Time: 14:13:58

The president of ING in Spain and Portugal, Ignacio Juliá, has highlighted that there is an upward trend in the growth of deposits and remuneration throughout the market. Juliá has said that, in the case of his entity, so far this year there has been a growth in liabilities of up to 1,300 million euros.

“Yes, there is a beginning of a trend: deposits are beginning to grow and the interest rate paid (for them) is also growing,” Juliá said on Tuesday during his participation in the APIE course organized at the University International Menéndez Pelayo and that collects Efe.

rise in liabilities

Regarding the rise in liabilities in ING, he has indicated that the growth of 1,300 million euros so far this year is “in line” with what was registered in 2022. in Spain it is in current accounts “, which, as in the case of the entity he presides over, may be equally remunerated.

All in all, Juliá has recognized that remunerating checking accounts and deposits “is not enough”, which is why the marketing of other products such as investment funds has also grown. “We want clients to have the ability to decide, that is why we reward the available money but also alternatives in investment funds and deposits”, he has settled.

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Puck Henry
Puck Henry
Puck Henry is an editor for ePrimefeed covering all types of news.

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