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Article: ING Reports First Nine Months Net Profit of US $1,398 Million, An Increase of 24 Percent Over 1995 Profit Expectation Adjusted Upwards
- Article from:
- PR Newswire
- Article date:
- November 21, 1996
CopyrightCOPYRIGHT 1996 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. 21 /PRNewswire/ -- ING Group today reported continued strong growth in net profit of 24.1 percent to US $1,398 million for the first nine months of 1996 compared with the same period in 1995. Substantial profits from both insurance and banking operations contributed to the increase for the Amsterdam-based international diversified financial services company.
Result before taxes for the combined insurance and banking operations, after deducting dividend on own shares, rose 21.0 percent to US $1,966 million.
Insurance operations result before taxes was US $1,029 million, an increase of 16.0 percent over a favorable ...