ING Groep reported on 5 November a significant fall in net profit for the third quarter of 2020, missing views for net profit but beating net interest income views, and said that its set of results was resilient, with increased fee income and continued operational cost control.

The Dutch bank posted a net profit of €788m ($923.7m) for the third quarter of the year compared with €1.34bn for the same period a year earlier. Net profit was expected to decline to €1.01bn, taken from FactSet and based on three analysts estimates.