ING Reports 1Q 2019 Results; Higher Loan Loss Provisions Hurt Bottom Line
ING's first-quarter results came in at EUR 1,119 million, down 9% compared with the same period last year. Although these results look weak at the first glance, underlying operations were not as downbeat. Net interest income and fee and commission income both increased little more than 2% vis-Ã -vis last year driven by higher volumes in customer lending, improved mortgage margins, and higher fee income in Germany and the Netherlands more than offsetting lower fees from Turkey and Belgium. Operati...
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