ING: Q1 EPS just above expectations
(CercleFinance.com) - ING Group has reported Q1 2019 net income that is down 8.
7% at 1.12 billion euros, or 0.29 euro per share, just one cent above the consensus.
Underlying and pre-tax profit was down 6.2% at 1.58 billion euros, which the group says reflects continued growth in business with resilient margins, strong commission income and good cost control.
Regarding the group's commercial performance, the Dutch financial institution announced a 150,000 gain in main retail banking customers to 12.6 million, as well as additional net customer deposits of 4.8 billion euros.
Copyright (c) 2019 CercleFinance.com. All rights reserved.
7% at 1.12 billion euros, or 0.29 euro per share, just one cent above the consensus.
Underlying and pre-tax profit was down 6.2% at 1.58 billion euros, which the group says reflects continued growth in business with resilient margins, strong commission income and good cost control.
Regarding the group's commercial performance, the Dutch financial institution announced a 150,000 gain in main retail banking customers to 12.6 million, as well as additional net customer deposits of 4.8 billion euros.
Copyright (c) 2019 CercleFinance.com. All rights reserved.