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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 | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.09 | 0.57% | 15.898 | 15.86 | 15.92 | 16.124 | 15.788 | 15.98 | 13,097,295 | 16:40:00 |
From May 2019 to May 2024
AMSTERDAM—Dutch bank ING Groep NV on Wednesday recorded a bigger-than-expected rise in third-quarter net profit, boosted by its retail banking operations and lower loan-loss provisions.
The Netherlands' largest bank by assets said net profit rose 15% to €1.06 billion ($1.49 billion). Underlying pretax profit, which strips out divestments and other special items, rose 1% to €1.5 billion.
The results slightly beat analysts' expectations and were boosted by an improved performance of ING's retail bank, which recorded a 10% rise in underlying pretax profit as it benefited from lower loan-loss provisions in the Netherlands and Belgium. This helped cushion the impact of a weaker performance of the commercial bank, which saw profit fall 24% in part due to lower income at the financial markets division.
Write to Maarten van Tartwijk at maarten.vantartwijk@wsj.com
Subscribe to WSJ: http://online.wsj.com?mod=djnwires
(END) Dow Jones Newswires
November 04, 2015 02:05 ET (07:05 GMT)
Copyright (c) 2015 Dow Jones & Company, Inc.
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