Monday 14 October 2019


ING profit falls 22.3%

Financial services group ING on Wednesday announced a fall in profit of 22.3% to €1.17bn in the second quarter of 2012, compared with €1.51bn in the year-earlier period.

The group called the figures ‘solid’ in these ‘uncertain times’, news agency Novum reports.
The fall in profit was caused by the write-off of bad debts and provisions to lower risks in investments in countries such as Spain.
The banking arm saw profit fall 13.1% to €995m. ING insurance profit almost halved to €229m. has been free for 13 years, but now we are asking our readers to help. Your donation will enable us to keep providing you with fair and accurate news and features about all things Dutch.
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