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Bloomberg
ING Groep NV reported second-quarter profit that beat analyst estimates after freeing up
provisions for its shrinking business in Russia.
Net income of 1.18 billion euros ($1.2 billion) in the three months through June compared with expectations for profit of 1.07 billion euros.
, according to a statement by the Dutch lender on Thursday. Loan loss provisions of 202 million euros were lower than the 509.3 million euros analysts had expected on average.