ING Posts Profit In Q1 - Quick Facts

(RTTNews) - Dutch banking firm ING Group (ING) Thursday posted a profit of 1.769 billion euros or 0.46 euro per share for the first quarter, including Insurance results. This compares to last year's loss of 1.917 billion euros or 0.50 euro per share.

on an underlying basis, ING's net result grew 43 percent to 1.187 billion euros, driven by robust growth in the lending book and a seasonally strong first quarter at Financial Markets.

Net result from banking surged to 1.173 billion euros from last year's 264 million euros.

For the quarter, total underlying income rose more than 13 percent to 4.335 billion euros.