ING Q1 profit de­clines to €1.14b

New Straits Times - - Business / World -

THE HAGUE: Lead­ing Dutch bank ING said yes­ter­day its first quar­ter net profit fell 9.1 per cent, but the drop was due to last year’s sale of its stake in insurer NN. Net prof­its for the first three months of the year came in at €1.14 bil­lion (RM5.4 bil­lion), com­pared with €1.26 bil­lion over the same pe­riod last year, which in­cluded €506 mil­lion from the sale of NN. The Am­s­ter­dam-based bank is the coun­try’s lead­ing lender and turnover from Jan­uary to March reached €4.4 bil­lion. Agen­cies

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