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10 major programs on climate change/green finance at the World Economic Forum

10 major programs on climate change/green finance at the World Economic Forum
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10 key environmental programs for business leaders at the World Economic Forum

10 key environmental programs for business leaders at the World Economic Forum
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ING shares dip 4% after earnings; provisions rise on inflation worries

Breaking News, Latest News and Current News from OANN.com. Breaking news and video. Latest Current News: U.S., World, Entertainment, Health, Business, Technology, Politics, Sports. ....

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ING Stock Crashes Over 5% on Inflation Worries and Higher Provisioning

ING Stock Crashes Over 5% on Inflation Worries and Higher Provisioning
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ING beats estimates with Q4 profit of €1.05 billion

Updated / Friday, 12 Feb 2021
08:20
ING said it would propose a 12 cent dividend for the quarter, pending approval from the ECB
ING Groep, the largest Dutch bank, has today beaten fourth-quarter expectations with a €1.05 billion pretax profit helped by lower loan loss provisions and a boom in retail investment.
It topped the €649m expected by analysts, Refinitiv Eikon data showed, though remained well below the €1.34 billion profit it booked a year earlier.
Provisions for bad loans fell 51% to €208m from the same time a year earlier, when the company was forced to write off several large individual corporate loans.
ING s CEO Stephen van Rijswijk said the company is taking sufficient provisions, though they were lower than those of some competitors, and despite a generally negative tone from the European Central Bank. ....

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