The Dutch banking and financial services corporation’s Q1 2021 performance was boosted by the continued growth in fee and commission income from investment products, which include structured notes and sprinters.
ING Group has posted a net result of €1 billion for the first quarter of 2021 – an increase of 50% compared to the equivalent quarter in 2020. The fee generating business was boosted by the continued growth of investment products, particularly in Germany and Belgium, according to CEO Steven van Rijswijk ( pictured ). Some €284m fee and commission income was generated from investment products during the quarter (Q1 2020: €227m) while the total fee income, at €854m, was up 9.1% year-on-year (YoY
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