ING Surges After Second-Quarter Profit Almost Quadruples

  • Net income boosted by lending income and lower provisions
  • Lender books 200 million-euro gain from sale of Visa Europe

ING Not Relaxing Credit Standards, Says CFO Flynn

ING Groep NV rose the most in six months after the Dutch lender said second-quarter profit more than tripled, benefiting from a boost in lending income and lower provisions for loan losses.

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