ING: exceeds expectations in 1st quarter
(CercleFinance.com) - ING Group unveils net profit growth of 7.
2% to more than 1.2 billion euros for the first three months of 2018, making 0.32 euros per share, and exceeding market consensus by five cents in EPS.
Underlying data reveals a pre-tax profit rise of 2.1% to close to 1.7 billion euros for revenue growth of 1.4% to almost 4.5 billion, essentially thanks to a 1.6% growth in net interest revenues.
The Dutch banking establishment boasts 37.8 million retail clients for the quarter elapsed, making 400,000 more than three months previously, of which 11.2 million primary customers (+170,000 over three months).
Copyright (c) 2018 CercleFinance.com. All rights reserved.
2% to more than 1.2 billion euros for the first three months of 2018, making 0.32 euros per share, and exceeding market consensus by five cents in EPS.
Underlying data reveals a pre-tax profit rise of 2.1% to close to 1.7 billion euros for revenue growth of 1.4% to almost 4.5 billion, essentially thanks to a 1.6% growth in net interest revenues.
The Dutch banking establishment boasts 37.8 million retail clients for the quarter elapsed, making 400,000 more than three months previously, of which 11.2 million primary customers (+170,000 over three months).
Copyright (c) 2018 CercleFinance.com. All rights reserved.