ING Groep 3Q Net Profit Increases on Robust Margins
November 02 2017 - 3:03AM
Dow Jones News
By Maryam Cockar
ING Groep NV (INGA.AE) on Thursday reported that net profit rose
in the third quarter, attributing the increase to resilient margins
and low risk-related costs.
For the quarter ended Sept. 30, the Dutch banking group made a
net profit of 1.38 billion euros ($1.60 billion) compared with
EUR1.35 billion a year earlier.
Underlying pre-tax profit increased to EUR1.99 billion from
EUR1.87 billion.
Amsterdam-listed ING said that its common equity Tier 1 ratio
remained stable at 14.5%, while return on capital employed was
11%.
Write to Maryam Cockar at maryam.cockar@dowjones.com
(END) Dow Jones Newswires
November 02, 2017 02:48 ET (06:48 GMT)
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