ING bank reports better than expected $2.5 billion Q2 pretax profit

2Q2021 result before tax of €2,065 million; capital position strengthens to 15.7% Growth in fee income of 18.3% year-on-year, especially in daily banking and investment products. Net interest income declined due to liability margin pressure. Net release of risk costs following an update of macroeconomic indicators. Expenses remained under control….