Corporate Debt Restructuring Masterclass

18 July 2022 (Mon), 5pm Singapore/HK time

ING Reports Soft Results on Increased Provisions

ING Reports Soft Results on Increased Provisions

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...
ING Reports Soft Results on Increased Provisions

ING Reports Strong Q2 Results

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...
Show Buttons
Hide Buttons