The largest financial group of the Netherlands ING increased its quarterly profit by 4.2%

The largest financial group of the Netherlands, ING, reported second-quarter net profit growth of 4.2% year-on-year to 1 billion 429 million euros, helped by higher interest income and commission income. The basic pre-tax profit amounted to 2 billion 22 million euros, increased by 1.5%. At the same time, quarterly revenue decreased by 1.1% to 4 billion 484 million euros. ING increased quarterly net interest income by 2.4% compared to the same period last year to 3 billion 441 million euros. The amount of provisions for bad debts declined from 229 million euros to 115 million euros.

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