Text Version
RSS Feeds
Newsletter
Home Forum Photos Features Newsletter Archive Employment
About US Help Site Map
SEARCH   About US FAQ Site Map Site News
  SERVICES
  -Text Version
  -RSS Feeds
  -Newsletter
  -News Archive
  -Give us feedback
  -Voices of Readers
  -Online community
  -China Biz info
  What's new
ING records better-than-expected Q2 results
+ -
08:01, August 09, 2007

 Related News
 Bush says U.S. stock markets to make soft landing
 Comment  Tell A Friend
 Print Format  Save Article
Dutch banking and insurance group ING on Wednesday reported a 27-percent increase in net profit to 2.56 billion euros for the second quarter of this year.

These figures include a windfall of 573 million euros from the partial sale of interests in rival ABN Amro. The latter's share price has risen quickly this year as it is courted by rival groups in what could be the biggest takeover in banking history.

Excluding this one-off payment, ING's profit amounts to 2.17 billion euros, representing a 8.2-percent rise during the same period last year. The results are better than analysts expected.

ING chairman Michel Timant said the company's positive performance was due to "strong economy and good market conditions."

The company's insurance activities were particularly successful in the second quarter with operational results up 50 percent to almost 2 billion euros. Banking earnings remained stable at 1.3 billion euros.

Source: Xinhua



  Your Message:   Most Commented:
Respond "Nanking" with humanity, respect, tears & applause: Interview
Week's special: Summer peak transportation of rails
CPC full of vigor and vitality
NATO, caught in "transformation"
Roadside bomb blast kills 26 people in SW Pakistan

|About Peopledaily.com.cn | Advertise on site | Contact us | Site map | Job offer|
Copyright by People's Daily Online, All Rights Reserved

http://english.people.com.cn/90001/90778/6235140.pdf