| Press release, Financial
ING posts 2011 underlying net profit of EUR 3,675 million
“The economic environment became more challenging in the fourth quarter of 2011. The financial crisis spread further into the real economy, and uncertainty around the European sovereign debt crisis continued to erode confidence and amplify market volatility. Despite this challenging backdrop and its inevitable impact on results, ING posted 15.1% higher full-year underlying earnings in 2011 compared with 2010,” said Jan Hommen, CEO of ING Group.