Tuesday, May 15, 2007

UPDATE 1-ING Q1 net profit dips, to buy back shares

(Reuters) - Net income fell to 1.894 billion euros for the first three months of the year from 2 billion euros a year earlier, and compared with an average forecast of 1.89 billion euros in a Reuters poll of 11 analysts.

"Strong commercial growth helped compensate for a challenging interest rate environment in the first quarter," ING Chief Executive Michel Tilmant said in a statement.


Read more at Reuters.com Market News

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