| Press release, Financial
ING records 1Q13 underlying net profit of EUR 800 million
“ING has demonstrated steady progress so far this year on the Group’s restructuring, culminating with the successful IPO of our US insurance business, which was completed last week. The transaction satisfied our agreement with the European Commission to sell 25% of the US business before the year-end deadline, while raising EUR 0.5 billion of proceeds for the Group,” said Jan Hommen, CEO of ING Group.