ING Groep to Distribute EUR3.62 Billion to Shareholders; 2Q Net Profit Rose
06 Agosto 2021 - 7:51AM
Dow Jones News
By Ian Walker
ING Groep NV said Friday that it will distribute 3.62 billion
euros ($4.28 billion) to shareholders after Sept. 30 as it reported
a near fivefold rise in second-quarter net profit, beating
consensus forecasts.
The Dutch lender said that it will pay 48 European cents a share
in October and an extra EUR1.74 billion via cash or a share
buyback.
Net profit for the quarter was EUR1.46 billion compared with
EUR299 million for the same period a year earlier and a consensus
of EUR1.12 billion, taken from FactSet and based on six analysts'
forecasts.
Net interest income fell to EUR3.34 billion from EUR3.43 billion
for the same period a year earlier. Total income fell to EUR4.52
billion from EUR4.67 billion, it added.
ING's common equity Tier 1 ratio--a key measure of balance sheet
strength--stood at 15.7% compared with 15% a year earlier and 15.5%
for the first quarter of this year.
Write to Ian Walker at ian.walker@wsj.com
(END) Dow Jones Newswires
August 06, 2021 01:44 ET (05:44 GMT)
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