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Fewer bad loans, ECB windfall boost Dutch bank ING


Fewer bad loans, ECB windfall boost Dutch bank ING
05/06/2021 | 02:40am EDT
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AMSTERDAM (Reuters) -ING Groep NV, the largest Dutch bank, reported better-than-expected first quarter net profit of 1.01 billion euros ($1.2 billion) on Thursday on strong fee income and fewer bad loan provisions than a year earlier.
However, Chief Executive Steven van Rijswijk said that with much of Europe only now emerging from lockdowns, the COVID-19 pandemic was still the main threat to customers prospects.
We remain cautious and are taking into account expected delays in credit losses, Van Rijswijk said.
But with savers facing near-zero interest rates, many customers have turned to investing as an alternative for saving, which for us resulted in growth in investment products, he said on a call with reporters. ....

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Alba Mineral Resources News Headlines. ALBA Share News. Financial News Articles for Alba Mineral Resources Plc Ord 0.01P updated throughout the day.


Tue, 2nd Mar 2021 17:12
(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Tuesday and not separately reported by Alliance News:
Marlowe PLC - London-based safety & compliance services - Acquires HR software business YouManage for GBP1.3 million. Acquires law compliance specialists ESP, ESP Law, and ESP Safeguard for GBP3.2 million. Acquires HR compliance specialist HR Services Partnership for GBP700,000. These acquisitions are consistent with the three-year strategy recently announced at Marlowe s capital markets day to deepen and broaden our presence in core markets from selective acquisitions, says Marlowe Chief Executive Alex Dacre.
Pantheon Resources PLC - oil & gas exploration company focused on Alaska - Announces the drilling of a new sidetrack into Kuparuk formation at Talitha A well in Alaska after encountering a problem with swelling. As far as problems go, it s a good problem to have because it was driven by th ....

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