ING Groep Beats Second-Quarter Profit Forecasts

Dutch financial group ING beat second-quarter profit forecasts at its main banking business and said it was looking at further possible cost savings as it continues to slim down in a drive to recover from the financial crisis.

Jan Hommen, CEO of ING Groep NV (ADR) (NYSE:ING), who is handing over the reins to Ralph Hamers on October 1st, said, “ING has made good progress so far this year as we work to improve our operational performance, execute our restructuring and prepare our banking and insurance companies for independent futures.”

ING Groep reiterated it was...

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