ING ING Groep NV

By Maarten van Tartwijk 

Dutch bank ING Groep NV on Thursday posted a bigger-than-expected rise in fourth-quarter earnings, driven by a robust performance in its retail and wholesale divisions.

Underlying pretax profit, which excludes special items and divestments, was EUR1.2 billion ($1.3 billion) for the last three months of 2015, a 54% rise compared with the same period of the previous year. Analysts polled by The Wall Street Journal had predicted an underlying pretax profit of EUR1 billion.

Net profit was EUR819 million, a 30% drop from the year-earlier period when the results still included income from ING's insurance businesses.

ING said it would pay a full-year dividend of EUR2.5 billion, or EUR0.65 a share.

Write to Maarten van Tartwijk at maarten.vantartwijk@wsj.com

(END) Dow Jones Newswires

February 04, 2016 01:53 ET (06:53 GMT)

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