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ING Sees Profit Fall In The First Quarter To 1.1 Billion Euros

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ING sees Profit fall in the First quarter to 1.1 billion Euros. ING made a profit of 1.1 billion euros in the first three months of this year, a decrease of 8.7 percent examined to the same quarter a year earlier.

 

Profit also dropped compared to the fourth quarter.

CEO Ralph Hamers nevertheless addresses of a positive start to the year and points to the increased income.

Compared to a year ago, revenues increased by 2.7 percent to 4.6 billion euros.

He does say that the bank is troubled by the low interest rates in the most critical markets in the eurozone.

The bank was also forced to put an additional 207 million euros into the jar.

The size of deposits increased by 5.6 billion euros to 561.4 billion euros.

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