ING posts 3Q underlying net profit of EUR 1,043 million

ING posts 3Q underlying net profit of EUR 1,043 million

  • ing3Q underlying net result of EUR 1,043 million vs. EUR 727 million in 3Q2009 and EUR 1,202 million in 2Q2010
  • Net result of EUR 371 million impacted predominantly by goodwill write-down of EUR 513 million related to Insurance US
  • Net profit per share amounted to EUR 0.10; excluding goodwill write-down the net profit per share rose to EUR 0.23
Standard Chartered Bank Launches First Islamic US Dollar Nostro Account

Standard Chartered Bank Launches First Islamic US Dollar Nostro Account

dubai-internationalStandard Chartered Bank today announced the launch of the first Islamic US Dollar nostro account in the United States. Islamic banks across the world will now be able to earn Shariah-compliant profits on their account balances at Standard Chartered Bank New York by using this facility.
The facility will operate on the Islamic finance principle of commodity Murabaha. Profits will be paid on a monthly basis.