By Maryam Cockar

ING Groep NV (INGA.AE) said Thursday that second-quarter net profit increased 4.2%, reflecting loan growth, solid net fee and commission income, and low level of risk costs.

For the quarter ended June 30, the Dutch bank made a profit of 1.43 billion euros ($1.67 billion) compared with EUR1.37 billion in the same period a year earlier.

Net interest income rose to EUR3.44 billion from EUR3.36 billion

ING said its fully loaded common equity Tier 1 ratio, a measure of a bank's financial strength, was 14.1%.

The company maintained the interim dividend at EUR0.24 a share.

The company said that, looking forward, it will focus on managing its expenses, enhancing its compliance and non-financial risk practices, and executing its digital strategy.

Write to Maryam Cockar at maryam.cockar@dowjones.com

(END) Dow Jones Newswires

August 02, 2018 01:41 ET (05:41 GMT)

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