ING Groep N.V. provides various banking products and services in the Netherlands, Belgium, Germany, rest of Europe, and internationally. The company operates through five segments: Retail Netherlands, Retail Belgium, Retail Germany, Retail Other, and Wholesale Banking. It accepts current and savings accounts; and time deposits. The company also offers business lending products; SME loans; consumer lending products, such as residential …
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Competitive advantage assessment
Key strengths
Industry-Leading EfficiencyOperational efficiency is excellent (score 0.89).
Strong Deposit FranchiseDeposit franchise strength is evident (profitability score 0.78).
Key risks
Capital Adequacy ConcernsCapital adequacy is concerning (score 0.13).
Credit Quality ConcernsCredit quality is concerning (asset quality score 0.19).
The dashed ring is the peer median. Defense scores are percentile ranks
against peers, so 50 is roughly the typical company in this group.
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ING Group, N.V. ranks #13 of 19
scored companies in Banks - Diversified by moat score — the top 68%.
The widest moat in the group is Bank of N.T. Butterfield & Son (NTB)
at 75/100.
Moat scores for companies ranked near ING in Banks - Diversified
A deposit franchise is the cheapest and most valuable thing a bank can own.
Lending Advantage
Score 48
· 18% of the moat score
Lending advantage is the ability to originate loans at attractive spreads without buying that volume with looser credit standards.
Capital Strength
Score 35
· 20% of the moat score
Capital is the buffer between loan losses and insolvency, and it is what regulators judge a bank on first.
Cost Discipline
Score 94
· 16% of the moat score
Banking carries high fixed costs in branches, compliance and technology, so what it costs to run the bank relative to what the bank earns is a genuine competitive variable.
Revenue Diversification
Score 40
· 14% of the moat score
A bank earning everything from net interest income is a leveraged bet on the rate cycle.
Risk Management
Score 16
· 10% of the moat score
Risk management is the defense that only reveals itself late.
ING Group, N.V. (ING) scores 47 out of 100 on the StatsAlpha Moat Map, which rates its competitive advantage as developing. It ranks #13 of 19 scored companies in Banks - Diversified, the top 68%. The score is a weighted composite of 6 competitive defenses, each measured against industry peers of 31 companies in Banks - Diversified. Its strongest defense is Cost Discipline (94/100) and its weakest is Risk Management (16/100).
How does ING Group, N.V. compare with other Banks - Diversified companies?
ING Group, N.V. ranks #13 of 19 scored companies in Banks - Diversified by moat score. The widest moat in Banks - Diversified is Bank of N.T. Butterfield & Son (NTB) at 75/100. The companies ranked closest are Bank of America Corporation (BAC) at 49 just above it and Sumitomo Mitsui Financial Group (SMFG) at 46 just below it.
How is the moat score calculated?
Each company is scored with an industry-specific template — Bank Specialized in this case, chosen because the defenses that matter to a bank are not the ones that matter to a software company. Every defense combines several financial signals, and each signal is measured as a percentile against a peer group of 31 companies in Banks - Diversified. The defenses are then weighted to produce the overall score out of 100.
Why is ING Group, N.V. scored with the Bank Specialized template?
A bank does not sell a product at a margin. It funds itself, lends at a spread, and books profits that remain an estimate until the loans are actually repaid. That makes the usual margin-and-return questions misleading, so the Bank template scores what really determines a bank's durability: where its funding comes from, what it lends against, how much capital stands behind it, and whether it has been pricing risk honestly.
Which competitive defenses are measured for ING Group, N.V.?
The Bank Specialized template measures 6 defenses, and ING scores: Deposit Franchise (50), Lending Advantage (48), Capital Strength (35), Cost Discipline (94), Revenue Diversification (40), Risk Management (16). Each is scored independently as a percentile against peers, so a company can be strong on one and weak on another — the overall score reflects how those defenses are weighted for this industry.
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