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SAIB reports $139 million Q1 net profit

its assets increased by 20.08 percent to $43.65bn.

Nissan forecasts $5.3bn annual net loss

Last year, it announced 9,000 job cuts worldwide.

Saudia to acquire 20 wide-body aircraft

10 of these being acquired for its flydaeal low-cost airline

ADIB’s Q1 net profit $517 million

Q1 2025 net profit before tax increased 18% YoY.

Emirates Islamic Q1 profit $394m

The bank's profit crossed AED 1bn mark for the first time.

ING Q3 profit at US$958m

The Dutch banking giant's turnover in the third quarter fell by five percent to US$4.3 billion (AFP)
  • The bank said its Polish unit took a US$334 million hit from new regulations allowing borrowers to suspend mortgage loan payments.
  • ING said that it benefited from higher interest rates, which central banks have been hiking aggressively in efforts to tame inflation.

THE HAGUE, NETHERLANDS – Dutch banking giant ING reported a sharp drop in third-quarter profit on Thursday as it took a hit from new mortgage rules in Poland and cited a “challenging” geopolitical environment.

ING said that its net profit reached US$958 million (979 million euros) in the third quarter, down 28.4 percent from the same period last year.

The bank said its Polish unit took a US$334 million (343-million-euro) hit from new regulations allowing borrowers to suspend mortgage loan payments.

Turnover fell by five percent to US$4.3 billion (4.4 billion euros), with the bank saying it would have topped US$4.8 billion (5 billion euros) if it had not been impacted by the mortgage rules in Poland and a US$280 million (288-million-euro) charge related to a hedge accounting adjustment.

The Dutch bank also announced a share buyback of US$1.4 billion (1.5 billion euros).

“I’m pleased with our solid performance, especially in light of the challenging economic and geopolitical environment,” chief executive Steven van Rijswijk said.

“The exceptionally high inflation and high energy prices are affecting consumers and companies alike,” he added.

Inflation has soared worldwide since Russia invaded Ukraine on February 24, sending energy and food prices through the roof.

ING noted that it benefited from higher interest rates, which central banks have been hiking aggressively in efforts to tame inflation.