ING reported a net result of €1,455 million for the first quarter of 2025, with a profit before tax of €2,124 million. The bank's CET1 ratio stood at a robust 13.6% at the end of the quarter.
The quarter saw a strong increase in fee income, primarily driven by an uptick in investment products. Total income remained resilient, supported by exceptional growth in deposits and a continued expansion of mortgage volumes, alongside strong results in Financial Markets.
Operating expenses, excluding regulatory costs, were slightly lower quarter-on-quarter, indicating operational efficiencies. The robust financial performance reflects effective strategic execution despite macroeconomic challenges.
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