ING Belgium’s Profitable Growth: Examining the Impacts of Rising Interest Rates – Exclusive Article for Subscribers

2023-08-03 15:51:25

The boss of ING Belgium, Peter Adams is ready to sign the protocol proposed by Secretary of State Alexia Bertrand (Open VLD). But he sends socialists and ecologists back to back: “To each his own job”, he says. Article reserved for subscribers Journalist in the Economy department By Dominique Berns Published on 08/3/2023 at 17:51 Reading time: 4 min

The boss of ING Belgium, Peter Adams and its financial director, Hans De Munck, were smiling this Thursday morning during the presentation of the half-yearly results of the fourth bank in the country (according to the balance sheet total). The subsidiary of the Dutch group ING generated, during the first six months of the year, a pre-tax profit of 588 million euros, one of its best half-year results of the last decade. But does it remunerate both its depositors and its parent company?

ING Belgium is posting nice profits. The essential factor is the rise in interest rates?

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