ING Group Q4 Net Profit Down; Underlying Income Rises - Quick Facts

(RTTNews) - Dutch banking firm ING Group (ING) reported Thursday that its fourth-quarter group net result plunged 30.4 percent to 819 million euros from last year's 1.18 billion euros. Net result per share was 0.21 euro, compared to 0.30 euro a year ago.

The results reflected the absence of prior year's income from discontinued operations.

Net result from banking, however, climbed 52.3 percent to 807 million euros from 530 million euros last year.

Underlying net result was 822 million euros, compared to 548 million euros a year ago, reflecting positive momentum across both Retail and Wholesale Banking.

Total underlying income was 4.04 billion euros, 7.6 percent higher than last year's 3.76 billion euros.

Further, the company proposed a full-year 2015 dividend of 0.65 euro per share, including a final dividend of 0.41 euro per share.