Explore stories from Atlantic Canada.
-ING Groep, the largest Dutch bank, on Thursday announced its second share buyback programme of the year, of up to 2.5 billion euros , following third-quarter net profits that more than doubled from the previous year.
Banks have been one of the main beneficiaries of rising interest rates over the past two years to curb inflation, but central banks seem now to be at the end of this cycle of monetary tightening. The net interest income , a key measure of earnings on loans minus deposit costs, reached 4.03 billion euros in the quarter, below 4.12 billion euros expected in a company-compiled consensus.
Net additions to loan loss provisions amounted to 183 million euros, lower than 322 million euros expected in the company-compiled consensus, partially due to what Chief Risk Officer Ljiljana Cortan described as"successful de-risking from Russia".
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
French GDP growth slows, inflation easesExplore stories from Atlantic Canada.
Read more »
CIMB, J Trust among suitors for Indonesia's Bank Commonwealth -sourcesExplore stories from Atlantic Canada.
Read more »
BHP approves $4.9 billion investment in Stage 2 of Canada's Jansen potash projectExplore stories from Atlantic Canada.
Read more »
Obituary: Ottawa's Inderjit Handa founded eponymous health food and travel storesExplore stories from Atlantic Canada.
Read more »
Russian oligarch Kuzmichev detained in France in laundering, sanctions probeExplore stories from Atlantic Canada.
Read more »
Russia detains two soldiers suspected of killing nine civilians in eastern UkraineExplore stories from Atlantic Canada.
Read more »