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 €1.2 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 €1 billion.

Net profit was €819 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 €2.5 billion, or €0.65 a share.

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

(END) Dow Jones Newswires

February 04, 2016 02:05 ET (07:05 GMT)

Copyright (c) 2016 Dow Jones & Company, Inc.
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