Net income dips in first quarter at Dutch bank ING
Dutch banking major ING has seen a dip in net income in the first quarter compared to the same period of last year, the company reported on Thursday. The bank's first-quarter of 2024 net result was €1.578 billion ($1.69 billion) down from €1.591 billion in the prior year. It also announced a share buyback programme of €2.5 billion. Based on current assumptions and scenarios, total income in 2024 to remain strong in a positive rate environment albeit somewhat lower than in 2023. The company aims to increase fee income by 5%-10%, ING said in a statement. Total income for the first-quarter of 202...