ING Group Reports Improved Results In Q3

ING Group (ING) on Thursday reported net result of 1.367 billion euros, up 73.5% from 788 million euros in the same quarter a year ago, underpinned by higher net interest income and non-interest income, and annual dividend received from the Bank of Beijing.

Result before tax increased 59.8% to 1.924 billion euros from 1.204 billion euros in the comparable quarter last year.

Total income for the quarter grew to 4.648 billion euros from 4.286 billion euros in the year-ago quarter.

Net interest income in the quarter increased to 3.388 billion euros from 3.329 billion euros last year and Fee income rose 20.2% year-on-year to 882 million euros.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
Teva Pharmaceuticals USA, Inc. has recalled one lot of platelet-reducing drug Anagrelide in the form of capsules due to dissolution test failure detected during routine stability testing, the U.S. Food and Drug Administration, or FDA, said in a statement. The U.S. Food and Drug Administration said it has taken steps to make available millions of cans of additional infant and specialty formula to U.S. consumers in the coming months. Under the agency's recent increased flexibilities, British nutrition products maker Kendal Nutricare will send about 2 million cans of infant formula under the Kendamil brand initially to U.S. beginning in June. Video streaming giant Netflix Inc. announced the availability of a variety of mobile games. Players can download the games directly from the Netflix mobile app. The new games include Dragon Up (East Side Games), Moonlighter (11 Bit Studios), Townsmen - A Kingdom Rebuilt (HandyGames), and Exploding Kittens - The Game (Exploding Kittens Digital).
Follow RTT