NU Online News Service, Nov. 21, 2:05 p.m. – ING Groep N.V., Amsterdam, is reporting the equivalent of $3.2 billion in total net income for the first three quarters on $610 billion in assets, compared with $10.8 billion in total net income on $614 billion in assets for the first three quarters of 2000.
Net operating income, which excludes a variety of charges, fell to $2.9 billion, from $3 billion.
Life insurance operating profits increased 14%, to $2.1 billion
Revenue figures were not immediately available.
ING did not provide much information on third-quarter results, but comparisons between the three-quarter figures and the half-year figures suggest the company generated $804 million in total net income for the third quarter, down from $5 billion for the third quarter of 2000.