ING’s net profit rose 27% to €1.36bn in the second quarter of this year, the Dutch banking group said on Wednesday.

The underlying figure, excluding one-offs and the results of spun-off insurance group NN, showed a 21% rise to €1.12bn.

ING is active in 40 countries and said it won 600,000 new customers and signed 250,000 new deals with companies in the second quarter of the year.

‘We also achieved a key milestone in our restructuring by reducing our stake in NN Group to 37.6% and deconsolidating it from our accounts, thereby ending restrictions on price leadership and acquisitions,’ chief executive Ralph Hamers said in a statement.