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ING Bank Q3 earnings rise on fee income, lending margins -Breaking

by Mike Robinson

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© Reuters. FILE PHOTO : Pedestrians cross the logo of ING bank at the main office in Brussels. This was October 3, 2016, and it is visible from the street. REUTERS/Francois Lenoir

AMSTERDAM (Reuters). ING Groep (AS:) NV reported Thursday a better-than-expected pretax profit for the third quarter of 2014. This was due to higher fees and better margins in commercial lending, as well lower bad loan costs.

Refinitiv data shows that analysts saw pretax profit of 1.80 trillion euros. The pretax profit in 2020’s third quarter was 1.20 Billion Euros.

($1 = 0.8632 euros)

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