ING to pay shareholders first dividend since start of the crisis
Financial services group ING is to pay its first dividend to shareholders since the start of the financial crisis.
The bank, which had to be bailed out by the government, will divide up €470m between investors, equivalent to 40% of their 2014 fourth-quarter profit.
ING booked net profit of €1.2bn in the fourth quarter of the year, almost twice as much as in the same period of 2013. Underlying net profit, excluding one-offs, fell by 20% to €548m.
ING completed paying back its state support in November, freeing the way for dividend payments.
The bank also said in November it would increase the digitalisation of its services and shed a further 1,700 jobs over the next few years.
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