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| Share Name | Share Symbol | Market | Type |
|---|---|---|---|
| ING Groep NV | EU:INGA | Euronext | Ordinary Share |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.216 | 1.47% | 14.91 | 14.884 | 14.91 | 14.94 | 14.732 | 14.78 | 8,028,532 | 16:40:00 |
From Apr 2019 to Apr 2024
By Ian Walker
Dutch Bank ING Groep NV (INGA.AE) on Wednesday reported a 7.2% rise in first-quarter net profit, reflecting continued loan growth and lower risk costs.
The Dutch banking group made a net profit of 1.23 billion euros ($1.46 billion) compared with EUR1.14 billion a year earlier. Net interest income rose to EUR3.4 billion from EUR3.35 billion a year earlier.
The Amsterdam-listed company's fully loaded common equity Tier 1 ratio, a measure of financial stability, stood at 14.3% at March 31, compared with 14.5% at March 31, 2017.
Chief Executive Ralph Hamers said the bank is on track to achieve the EUR900 million cost-savings goal set as part of its 'Think Forward' strategy by 2021.
Write to Ian Walker at ian.walker@wsj.com; @IanWalk40289749
(END) Dow Jones Newswires
May 09, 2018 01:47 ET (05:47 GMT)
Copyright (c) 2018 Dow Jones & Company, Inc.
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