ING Groep 2Q Net Profit Stable; Cautions on Low Interest Rates Pressure

Date : 01/08/2019 @ 07h48
Source : Dow Jones News
Valeur : ING Groep NV (INGA)
Cours : 9.73  0.102 (1.06%) @ 17h39
ING Groep NV Cours Graphique

ING Groep 2Q Net Profit Stable; Cautions on Low Interest Rates Pressure

ING Groep NV (EU:INGA)
Graphique Historique de l'Action

2 Mois : De Juil 2019 à Sept 2019

Plus de graphiques de la Bourse ING Groep NV

By Ian Walker

 

ING Groep N.V. (INGA.AE) Thursday reported a 0.3% fall in net profit for the second quarter of the year and cautioned that persistently low interest rates will put pressure on net interest income.

The Dutch lender made a net profit of 1.438 billion euros ($1.6 billion) for the quarter, down from EUR1.443 billion for the same period last year but higher than consensus forecasts of EUR1.32 billion, taken from FactSet and based on five analysts' forecasts.

Underling pretax profit--one of the bank's preferred metrics, which strips out exceptional and other one-off items--was EUR2.01 billion compared with EUR2.02 billion for the second quarter of 2018. Consensus forecast was EUR1.83 billion, taken from FactSet and based on four analysts' forecasts.

Net interest income rose 0.8% to EUR3.47 billion.

ING's common equity Tier 1 ratio--a key measure of balance sheet strength--stood at 14.5% at June 30 from 14.7% at March 31

"We are making good progress transforming our business so we can continue to deliver a differentiating customer experience," Chief Executive Ralph Hamers said

ING Groep has maintained its interim dividend at 24 cents.

 

Write to Ian Walker at ian.walker@wsj.com

 

(END) Dow Jones Newswires

August 01, 2019 01:33 ET (05:33 GMT)

Copyright (c) 2019 Dow Jones & Company, Inc.
Dernières Valeurs Consultées
EU
GLE
Société Gé..
EU
ALU
ALCATEL-LU..
EU
PX1
CAC 40
ORA
Orange
FX
EURUSD
Euro vs Do..
Les dernières valeurs consultées apparaîtront dans cette boîte, vous permettant de choisir facilement les titres vus auparavant.


Inscrivez-vous maintenant pour créer votre liste d'actions personnalisée, en streaming.

Les cours EURONEXT (CAC 40, etc. ) et FOREX (les devises) sont en direct si connecté.
NYSE, AMEX, et ASX sont en différé d'environ 20 minutes. Les autres cours sont en différé d'environ 15 minutes.

By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Conditions Générales

P: V:fr D:20190922 04:06:45