With me are Tanate Phutrakul, our CFO; and Ljiljana Cortan, our COO. In line with our priorities, also this quarter, we continued our efforts to offer a superior customer experience with a focus on the digital customer journey and to contribute to a sustainable future.
(Bloomberg) -- ING Groep NV reported second-quarter profit that beat analyst estimates after freeing up provisions for its shrinking business in Russia. Most Read from BloombergSneakerhead Accused of Running Huge Air Jordan Ponzi SchemeHow a Celebrity CEO’s Rule of Fear Helped Bring Down Hot Startup ZilingoChina Warns Airlines to Avoid ‘Danger Zones’ Around TaiwanNet income of 1.18 billion euros ($1.2 billion) in the three months through June compared with expectations for profit of 1.07 billion
ING posts 2Q2022 net result of €1,178 million, supported by increased income and modest risk costs 2Q2022 profit before tax of €1,743 million; capital position remains strong with a 14.7% CET1 ratio • Higher net interest income, supported by an increase in liability margins • Increases in both customer lending and customer deposits highlight the strength of our universal banking model • Risk costs in the quarter were modest as book quality remains strong • Hyperinflationary conditions in Turkey