ING Groep NV (INGA.AE) on Thursday reported that net profit rose in the third quarter, attributing the increase to resilient margins and low risk-related costs.
For the quarter ended Sept. 30, the Dutch banking group made a net profit of 1.38 billion euros ($1.60 billion) compared with EUR1.35 billion a year earlier.
Continue Reading Below
Underlying pre-tax profit increased to EUR1.99 billion from EUR1.87 billion.
Amsterdam-listed ING said that its common equity Tier 1 ratio remained stable at 14.5%, while return on capital employed was 11%.
Write to Maryam Cockar at email@example.com
(END) Dow Jones Newswires
November 02, 2017 02:48 ET (06:48 GMT)