ING Quarterly Profit Rises on Lower Loan-Loss Provisions
- Results beat analyst estimates as bank's margins improve
- Dutch bank raises its forecast for regulatory costs next year
ING Group 3Q Net Income Beats Estimate
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ING Groep NV, the biggest Dutch lender, reported a 14 percent rise in third-quarter profit as margins improved and the bank reduced provisions for bad loans.
Net income climbed to 1.06 billion euros ($1.16 billion) from 928 million euros a year earlier, the bank said in a statement on Wednesday. That beat the average of six analyst estimates of 975 million euros compiled by Bloomberg.