logo
  

ING Group Q2 Earnings Decline

The ING Group (ING), a Dutch banking and financial services provider, on Thursday posted a decline in earnings for the second quarter, amidst a rise in operating expenses.

In addition, the lender has declared an interim dividend over the first-half of 0.17 euro per share, to be paid on August 15.

For the second-quarter, the Amsterdam-headquartered firm posted a pre-tax result of 1.74 billion euros, compared with 2.06 billion euros of previous year period.

Net result was at 1.17 billion euros, less than 1.45 billion euros of previous year quarter.

Total income stood at 4.68 billion euros, higher than 4.51 billion euros, on year-on-year basis.

Operating expenses moved up to 2.73 billion euros, from 2.54 billion euros a year ago.

The Dutch company posted a net interest income of 3.46 billion euros, versus 3.34 billion euros during the corresponding period of 2021.

Net fee and commission income also rose to 888 million euros, from 855 million euros, recorded for the second quarter of previous fiscal.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
The US Centers for Disease Control and Prevention or CDC has ended recommendations for social distancing and quarantine with a view to minimize covid-19's impact on persons, communities, and health care systems. The agency also ended recommendation for test-to-stay in schools, CNN noted. Healthcare major Johnson & Johnson, which is in the middle of a talcum powder fiasco, said it is discontinuing talc-based JOHNSON'S Baby Powder globally in 2023. The company plans to transition to an all cornstarch-based baby powder portfolio. According to the company, the commercial decision to use cornstarch in all its baby powder products was made after conducting an assessment of its portfolio Walt Disney's streaming service Disney+ is rolling out its much-anticipated new ad-supported subscription plan for Disney+ in the U.S. as part of its bid to stem the loss and make its streaming business profitable after the services posted a hefty operating loss of more than $1 billion in the third quarter. It is also raising pricing for its bundled subscription plans with Hulu, ESPN+ and live TV.
RELATED NEWS
Follow RTT