2020-11-05 06:27:12 ING ING Groep
11/05/20 11/0506:27 11/05/2006:27 | ING Groep reports Q3 net result per share EUR 0.20 vs. EUR 0.35 last yearING Group's CET1 ratio rose to 15.3% at the end of September 2020 from 15.0% at the end of June 2020 due to a decrease in RWA. ING's return on IFRS-EU equity was 6.0% in the third quarter of 2020. On a four-quarter rolling average basis, the return on IFRS-EU equity was 5.1%. Steven van Rijswijk, CEO of ING Group, said: "The pandemic continues to have a significant impact everywhere, with the second wave in Europe and the US putting further pressure on consumers and businesses. Looking back, ING's third-quarter results were resilient, with increased fee income from diversified income sources, coupled with good cost control and lower risk costs. We saw a reduction in net interest income resulting from margin pressure on liabilities combined with lower lending demand." |
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