ING 3Q Net Profit Rose Sharply, Supported by Increased Income
04 Novembro 2021 - 3:56AM
Dow Jones News
By Sabela Ojea
ING Groep NV reported on Thursday a sharply higher net profit
for the third quarter of 2021 from the prior year.
The Dutch bank posted a net profit for the period of 1.37
billion euros ($1.59 billion) compared with EUR788 million for the
same period a year earlier.
Net interest income was EUR3.39 billion, up from EUR3.33 billion
for the year-earlier period, supported by higher fee income. Total
income climbed 8.4% to EUR4.65 billion, supported by higher fee
income.
ING's common equity Tier 1 ratio--a key measure of balance sheet
strength--was 15.8% at the end of the period, up from 15.3% as at
the third quarter of 2020 and 15.7% in the second quarter of
2021.
The lender also said that it has reserved EUR684 million of
quarterly net profit for distribution in the third quarter, which
is part of the EUR1.74 billion share buyback program it launched on
Oct. 5.
When the bank posted its second-quarter results, it said that it
would distribute EUR3.62 billion to shareholders after Sept.
30.
Write to Sabela Ojea at sabela.ojea@wsj.com; @sabelaojeaguix
(END) Dow Jones Newswires
November 04, 2021 02:41 ET (06:41 GMT)
Copyright (c) 2021 Dow Jones & Company, Inc.
ING Groep NV (EU:INGA)
Gráfico Histórico do Ativo
De Mar 2024 até Abr 2024
ING Groep NV (EU:INGA)
Gráfico Histórico do Ativo
De Abr 2023 até Abr 2024
