by Amruth Sundarkumar | Aug 5, 2022 | Banks, Global
Dutch multinational lender ING reported a 19% YoY decline in its consolidated net profit to €1.2bn ($1.2bn) against analyst expectations of €1bn ($1bn) for Q2. The lower profit is attributed to the higher regulatory cost and provisions. Total income came in 3.7%...
by Amruth Sundarkumar | Feb 4, 2022 | Banks
ING Groep reported its Q4 2021 results with a 27% rise in pretax profits to €1.33bn ($1.5bn), missing forecasts of a €1.47bn ($1.7bn) number. The miss was on account of higher-than-expected provisions. Provisions rose to €356mn ($409mn) from €208mn ($238mn) during the...
by Amruth Sundarkumar | Aug 9, 2021 | Banks
ING Groep reported strong Q2 net profits of €1.46bn ($1.7bn), up 4.9x YoY. Profits were helped by a €91mn ($107mn) net release from loan loss provisions as compared to a charge of €1.3bn ($1.5bn) in the same period last year. Tthe group’s fee income rose 18% to €855mn...
