October 31, 2019 / 6:30 AM / 17 days ago

ING reports 3Q underlying pretax profits of 1.91 bln euros as costs rise

AMSTERDAM, Oct 31 (Reuters) - ING Groep NV , the largest financial services firm, on Thursday reported underlying pretax profit of 1.91 billion euros ($2.13 billion), a hair better than analyst expectations but worse than a year ago, as regulatory costs increased and the bank issued fewer loans

Analysts polled by Refinitiv had seen underlying pre-tax profit of 1.88 billion euros. In the three month period through Sept. 30 a year ago, underlying net profit was 2.12 billion euros.

$1 = 0.8961 euros Reporting by Toby Sterling Editing by Shri Navaratnam

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