The private banking division of Dutch bank ING held its own in the second quarter, as inflows totalling €1.2 billon from Asia offset market losses across client portfolios, plus outflows in Europe.

Net inflows were €500m in the second quarter, after market losses of €600m. ING currently administers €67.2bn of client offsets, of which €6.7 billion is invested in ING mutual funds and €3.8 billion is looked after by external managers. Assets under administration were unchanged in the quarter.