ING Belgium announced on Thursday a pre-tax profit of €406 million for the first half of 2025, 33.1% less than the €608 million earned in the corresponding period of last year, in a context of less favourable interest rates and geopolitical uncertainties.
The bank reported total turnover of €1.677 billion for the same period, down from €1.817 billion in the first half of 2024, marking a 7.7% decrease.
Interest income dropped by 14.8% to €1.131 billion, primarily due to the European Central Bank’s interest rate cuts in the latter half of 2024.
In contrast, commission income increased by 8.7% to €479 million.
ING Belgium described its performance as “solid” and said it was pleased to maintain strong commercial performance. Deposits rose by 6% to €112 billion, while loans grew by 2.4% to €117.2 billion compared to last year.
Hans De Munck, CFO of ING Belgium, highlighted the bank’s focus on boosting commission income through successful investment transitions.
“This diversification of our income makes us more resilient and better equipped to handle interest rate declines, significantly enhancing our profit quality,” he stated.
