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ING hikes full year guidance after quarterly profit beat expectations

ING hikes full year guidance after quarterly profit beat expectations

- Dutch lender ING INGA.AS on Thursday raised its full-year total income guidance to more than 24.5 billion euros ($28.0 billion) after reporting a second quarter profit that beat market expectations.

The bank posted a net result of €1.95 billion, ahead of analyst expectations of €1.83 billion seen in a company-compiled consensus, lifted in part by a 14% year-on-year rise in fee income to €1.28 billion.

($1 = 0.8733 euros)


(Reporting by Jakob Van Calster and Mateusz Rabiega)

((jakob.vancalster@thomsonreuters.com))

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