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5/2/2019, 7:15 AM (Source: TeleTrader)
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ING Group posts Q1 profit of €1.58B, down 6.2% YoY

Dutch lender ING Groep N.V. reported on Thursday that its underlying pre-tax profit for the first quarter of 2019 amounted to €1.582 billion, a decrease on the €1.686 billion posted in the first three months of 2018. Earnings per share (EPS) stood at €0.29. Revenue grew by 2.7% on an annual basis to reach €4.576 billion for the last reported quarter.

In addition, the bank said that the number of its retail primary customer relationships grew by 150,000 to hit 12.6 million. It also noted that its net core lending increased by €8.7 billion in the first three months of 2019 and that net customer deposit inflow amounted to €4.8 billion.

"We’ve had a positive start to the year, with first-quarter results that show good commercial momentum. Our global primary customer base grew by 150,000 to 12.6 million and our most recent net promoter scores among customers rank us first in six of our 13 retail markets," ING CEO Ralph Hamers stated.

Breaking the News / DZ