ING (ING +3.75%) posts a six-fold increase in profit at its banking division, with pretax profit...

|About: ING Groep N.V. (ING)|By:, SA News Editor

ING (ING +3.75%) posts a six-fold increase in profit at its banking division, with pretax profit rising to €1.5B ($2.1B) as loan provisions fell. Q3 net income fell to €371M ($511M), below analysts' estimates, and a planned change in accounting practices could lead to a €1B writedown next quarter.