Bloomberg ING Groep NV beat expectations for second-quarter profit after releasing money set aside for doubtful loans, and said it will boost payouts for investors. The Dutch lender’s net income soared to 1.46 billion euros ($1.73 billion) in the three months through June from 299 million euros a year earlier. That compared to the 1.15-billion-euro average estimate of analysts surveyed …

Bloomberg Credit Agricole SA’s profit came in above expectations as it joined European peers in posting lower provisions to reflect the improving economy. The Paris-based lender said net income jumped to 1.97 billion euros ($2.3 billion) in the second quarter, more than double the same period last year and above the 1.2 billion euros anticipated by analysts polled by Bloomberg. …

Bloomberg KakaoBank Corp, South Korea’s first internet-only lender to go public, surged more than 70% in its trading debut in Seoul to become the country’s largest retail lender by market value. The stock’s jump of as much as 74% gave the company, which doesn’t have brick-and-mortar branches, a market capitalisation of more than 32 trillion won ($28 billion), bigger than …