ING Groep N.V. (INGA.AS) Thursday reported profit before tax of 2.369 billion euros for the second quarter, lower than 2.568 billion euros in the same quarter a year ago, primarily impacted by a decline in net interest income.
Net profit decreased to 1.675 billion euros from 1.780 billion euros last year.
Net interest income was 3.536 billion euros, 7.7% down from 3.830 billion euros in the prior year.
Total income reduced to 5.702 billion euros from 5.716 billion euros a year ago.
Additionally, the company has declared an interim dividend of 0.35 euros per share, to be paid on August 11.
Looking ahead, ING expects full-year total income to be on par with 2024.
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