ING reports $452 million Q1 profit, earnings hit by provisions at wholesale arm -Breaking
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© Reuters. FILE PHOTO – A man passes the logo of ING Group NV in a branch office located in Amsterdam (Netherlands), January 9, 2014. REUTERS/Toussaint KluitersAMSTERDAM / Reuters ING Groep (AS:). NV, the biggest Dutch bank reported Friday a lower-than-expected 1Q net income of 429 millions euros ($452million). This includes provisions of 885 million euro at its wholesale banking section.
According to Refinitiv data, analysts saw net income as high at 679 millions euros. ING posted net income of 1.01 Billion Euros in its first quarter 2021.
($1 = 0.9498 euros)
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