Shire reports Q3 net result per share EUR20 vs. EUR35 last year

Primary customer base increased in 3Q18 by 200,000 to 12.2 million and the total retail customer base stood at 38.0 million. Net core lending was well diversifi ed and grew by EURO$6.8 billion in 3Q18; net customer deposit infl ow amounted to EURO$3.4 billion. ING 3Q18 underlying pre-tax result of EURO$2,124 million; Net result was EURO$776 million after EURO$775 million settlement amount. 3Q18 result reflects continued business growth at resilient margins, low level of risk costs and expense control. 3Q18 net result includes EURO$775 million settlement agreement with the Dutch authorities as announced on 4 September 2018. ING’s 3Q18 four-quarter rolling average underlying ROE was 10.7% and the fully loaded CET1 ratio remained strong at 14.0%. “”The third quarter of 2018 for ING was deeply marked by the settlement agreement with the Dutch Public Prosecution Service. As a bank, we have the responsibility to ensure that our operations meet the highest standards, especially when it comes to securing the integrity of our own operations and that of the fi nancial system,” said Ralph Hamers, CEO of ING Group. “Not meeting these standards is unacceptable. It is sincerely regrettable that the investigations identifi ed serious shortcomings in the execution of policies to prevent fi nancial economic crime at ING Netherlands. We take this very seriously and accept full responsibility. Under the terms of the agreement, ING has paid a fi ne of EURO$775 million in the third quarter of 2018.”
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