ING profit soars, dividend payment set at 65 cents

Photo: Wikimedia CommonsDutch banking group ING booked net profit of €4bn in 2015, almost four times as much as in 2014. The underlying net result was €4.2bn, a rise of 23% on the previous year.

The bank said in a statement it had benefited from the economic recovery, lower costs and 1.4 million new account holders.

The bank has also agreed to pay a dividend of 65 cents a share, taking the total dividend bill to €2.5bn. Analysts had expected a few cents more, the Financieele Dagblad says.

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