2023-08-03 18:00:04
ING Group obtained a net profit of 3,746 million euros in the first half of 2023, which represents an increase of 133.3% compared to the result of the ‘orange entity’ in the same period of 2022.
In the first half of the year, the provisions of ING Group they were limited to 250 million euros, compared to 1,189 million reserved a year earlier, including 202 million in the second quarter.
Likewise, the regulatory costs assumed in the first six months of the year decreased by 28.6%, to 616 million, with a drop of 57.5% in the second quarter, to 91 million.
The turnover stood at 11,325 million euros, 22% above the income registered a year earlier, with an increase of 20.1% in net interest income, up to 8,073 million, while those linked to the commissions fell 0.8%, up to 1,807 million.
In the second quarter, ING Group achieved a net profit of 2,155 million euros, 82.9% more than between April and June 2022. As of June 30, the CET1 basic capital ratio was 14.9%, one tenth more than at the end of the first quarter and two per above the level of a year earlier.
The Dutch bank’s income in the period grew 23% year-on-year, up to 5,759 million, after increasing net interest income by 19.8%, up to 4,061 million, and increasing commission income by 2.7%, up to 912 millions.
The Dutch bank announces that on August 14, 2023 it will pay an interim dividend in cash on the first half of the year of 0.35 euros per share.
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