ING (ING): Q2 profit of €1.1B ($1.4B) vs. €724M consensus and €71M profit in the year-earlier...

|About: ING Groep N.V. (ING)|By:, SA News Editor
ING (ING): Q2 profit of €1.1B ($1.4B) vs. €724M consensus and €71M profit in the year-earlier period. A decline in loan-loss provisions helped the banking division swing back to a profit, but the insurance arm reported a €16M loss because of the "sharp decline in equity markets." Shares -2.4%.