August 1, 2019 / 5:23 AM / 22 days ago

ING posts second-quarter profit of $1.6 bln, tops estimates

DUBLIN, Aug 1 (Reuters) - ING Groep, the Netherlands’ largest bank, on Thursday reported a second-quarter net profit of 1.438 billion euros ($1.6 billion), beating market expectations.

A poll of analysts had expected a net profit of 1.32 billion euros for the three months ended June. The lender’s profit was little changed from 1.4 billion euros posted in a year-ago period.

$1 = 0.9047 euros Reporting By John O'Donnell, Editing by Sherry Jacob-Phillips

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