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Article: ING GROUP REPORTS CONTINUED STRONG NET PROFIT INCREASE FIRST NINE MONTHS 1995; UP 15 PERCENT TO $1,174 MILLION
- Article from:
- PR Newswire
- Article date:
- November 23, 1995
CopyrightCOPYRIGHT 1995 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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AMSTERDAM, The Netherlands, Nov. 23 /PRNewswire/ -- An increase in net profit of 15.0 percent to $1,174 million (NLG 1,883 million) for the first nine months of 1995 compared with the same period in 1994 was reported today by Internationale Nederlanden Group NV (ING Group), Amsterdam-based international diversified financial services group.
Result before taxes rose 16.1 percent to $1,721 million (NLG 2,760 million).
The increase in ING Group profit was due to a significant growth in insurance results plus a handsome growth in banking results.
In insurance, life profit rose to $459 million (NLG 736 million), an increase of 12.5 percent over the previous ...