ING Group Q2 Net Result Increases - Quick Facts

(RTTNews) - Dutch banking firm ING Group (ING) reported that its net result for the second-quarter 2015 increased to 1.359 billion euros from 1.067 billion euros in the second quarter of 2014. These figures include the net results of the legacy Insurance businesses. Quarterly net result per share was 0.35 euros, up from 0.28 euros in the previous year.

Total underlying income rose 10.3% year-on-year to 4.171 billion euros. Excluding CVA/DVA impacts and the -127 million euros of non-recurring charges in income related to mortgages in the current quarter, underlying income rose 6.5%.

The underlying interest result grew to 3.103 billion euros from 2.985 billion euros in the second quarter of 2014, which included a 51 million euros one-off loss on the accelerated amortisation of capitalised fees on own-issued debt.

ING said it will reinstate an interim dividend payment this year and will pay a cash dividend of 0.24 euros per ordinary share, equal to 40% of the underlying net Group result realised in the first half of 2015.

ING reiterates its intention to pay a full-year dividend of at least 40% of ING Group's total annual net profits. The Board's final decision will be made at year-end and will be subject to financial and strategic considerations, and future regulatory developments.