ING Group Q3 2016 Earnings Results

ING Group reported third quarter 2016 underlying net profit of EUR 1,336 million with strong performance driven by steady customer growth, higher net interest income, and low risk costs. The bank's CET1 ratio rose to 13.5%, and underlying return on equity reached 11.3% for the first nine months of 2016. ING announced plans to invest EUR 800 million over five years to build a scalable banking platform.