| Press release, Financial
ING posts 1Q12 underlying net profit of EUR 705 million
“The operating environment remained challenging in the first quarter, as the European sovereign debt crisis persisted, increasing volatility on financial markets. The impact of this environment was evident in our underlying results, which declined from a strong first quarter last year; however, earnings for both Bank and Insurance improved from the previous quarter,” said Jan Hommen, CEO of ING Group.