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Article: ING Group Operating Net Profit Rises 33.1% in First Nine Months.
- Article from:
- PR Newswire
- Article date:
- November 4, 2004
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Significant Steps Taken to Manage Business Portfolio and Increase Returns
AMSTERDAM, November 4 /PRNewswire-FirstCall/ --
- Operating net profit rises 33.1% to EUR 4,008 million
- Net profit rises 47.6% to EUR 4,437 million (EUR 2.10 per share)
- Operating net profit from banking rises 60.4% to EUR 1,928 million
- Operating net profit from insurance rises 14.9% to EUR 2,080 million
- Debt/equity ratio of ING Group improves to 11.4% from 14.4% at end 2003
- RAROC banking increases to 22.1%; IRR on new life insurance business
11.9%
- Value of new life insurance business increases 41.2% to EUR 466 million
- Third-quarter net profit ...