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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—ING Groep NV said Wednesday that its profit rose in the second quarter as the Dutch lender expanded its loan book, booked a gain from an asset sale and reduced its loan-loss provisions.
The Netherlands' largest bank by assets said net profit rose 27% to €1.36 billion ($1.49 billion), lifted by a €376 million gain tied to the sale of its stake in Vysya Bank, an Indian lender. Underlying pretax profit, which strips out divestments and other special items, rose 25% to €1.6 billion.
The results, which were slightly below analysts' expectations, were boosted by continued growth of ING's lending book, which led to an increase in net interest income of 4% to €3.1 billion, while loan-loss provisions dropped 13% to €353 million. This was partly offset by a decline in commission income, which fell 2% to €584 million.
Write to Maarten van Tartwijk at maarten.vantartwijk@wsj.com
Subscribe to WSJ: http://online.wsj.com?mod=djnwires
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