Dutch bank ING misses consensus, brings forward state aid repayment

ING 'drawing a line under state support': CFO

ING Group, the largest Dutch lender, on Wednesday missed analysts' consensus forecasts for its third-quarter results, even as net profits rose compared to the same period last year.

The bank made net profits of 1.1 billion euros in the third quarter, compared to the average of 1.4 billion analysts polled for Reuters had forecast, and below the low end of the range of their forecasts. The net result of 928 million euros was also below the consensus of 978 million.

The bank also said it would repay this month the final tranche of state aid received at the height of the financial crisis, clearing the way for it to resume dividend payments. The completion of repayments comes six months ahead of schedule.