ING Groep NV (INGA.AE) said Thursday that second-quarter net profit increased 4.2%, reflecting loan growth, solid net fee and commission income, and low level of risk costs.
For the quarter ended June 30, the Dutch bank made a profit of 1.43 billion euros ($1.67 billion) compared with EUR1.37 billion in the same period a year earlier.
Net interest income rose to EUR3.44 billion from EUR3.36 billion
ING said its fully loaded common equity Tier 1 ratio, a measure of a bank's financial strength, was 14.1%.
The company maintained the interim dividend at EUR0.24 a share.
The company said that, looking forward, it will focus on managing its expenses, enhancing its compliance and non-financial risk practices, and executing its digital strategy.