ING Posts 28 Percent Profit Gain

August 25, 2000

Dutch financial services giant ING posted a hefty 28 percent rise in first half net profits on Thursday, and raised its earnings forecast for the year 2000 by 20 percent from 15 percent.

Dutch financial services giant ING posted a hefty 28 percent rise in first half net profits on Thursday, and raised its earnings forecast for the year 2000 by 20 percent from 15 percent.

The earnings increase will reflect expected profits from U.S. insurer ReliaStar, which ING agreed to acquire last May.

ING appears to be profiting from the synergy created by its position as a leading global insurer, a commercial, investment and Internet bank and one of the world’s biggest asset managers.

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