ING Groep 1Q Net Profit +7.2%; Boosted by Loan Growth, Lower Risk Costs
09 Mayo 2018 - 1:02AM
Noticias Dow Jones
By Ian Walker
Dutch Bank ING Groep NV (INGA.AE) on Wednesday reported a 7.2%
rise in first-quarter net profit, reflecting continued loan growth
and lower risk costs.
The Dutch banking group made a net profit of 1.23 billion euros
($1.46 billion) compared with EUR1.14 billion a year earlier. Net
interest income rose to EUR3.4 billion from EUR3.35 billion a year
earlier.
The Amsterdam-listed company's fully loaded common equity Tier 1
ratio, a measure of financial stability, stood at 14.3% at March
31, compared with 14.5% at March 31, 2017.
Chief Executive Ralph Hamers said the bank is on track to
achieve the EUR900 million cost-savings goal set as part of its
'Think Forward' strategy by 2021.
Write to Ian Walker at ian.walker@wsj.com; @IanWalk40289749
(END) Dow Jones Newswires
May 09, 2018 01:47 ET (05:47 GMT)
Copyright (c) 2018 Dow Jones & Company, Inc.
ING Groep NV (EU:INGA)
Gráfica de Acción Histórica
De Mar 2024 a Abr 2024
ING Groep NV (EU:INGA)
Gráfica de Acción Histórica
De Abr 2023 a Abr 2024
