NU Online News Service, Aug. 23, 1:35 p.m. – ING Groep N.V., Amsterdam, is reporting the equivalent of $2.5 billion in net income for the first half on $646 billion in assets, compared with $4.3 billion in net income on $550 billion in assets for the first half of 2000.
Operating income, which excludes taxes and other charges that were not specified, increased 16%, to $1.9 billion, and world life insurance operating profits increased 26%, to $1.5 billion
Revenue figures were not immediately available.
ING reports its earnings in euros. The conversions here are based on an exchange rate of 1 euro=91.45 U.S. cents for Aug. 23, and an exchange rate of 1 euro=84.904 U.S. cents for June 30, 2000, as reported by OANDA Corp., New York.