ING Not Relaxing Credit Standards, Says CFO Flynn
ING Groep NV, the biggest Dutch lender, said second-quarter profit more than tripled, benefiting from a boost in fees from new lending and lower provisions for loan losses. Net income rose to 1.3 billion euros ($1.46 billion) from 358 million euros a year earlier, the Amsterdam-based bank said in a statement on Wednesday. The lender also booked about 200 million euros from the sale of its stake in Visa Europe Ltd. to Visa Inc. ING CFO Patrick Flynn discusses with "On the Move" hosts Manus Cranny in London and Caroline Hyde in Berlin.
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