ING Groep posted a 3.5% rise in third-quarter net profit to €1.85bn ($2.07bn), up from €1.79bn a year earlier. Total income rose 5.6% to €6.23bn, helped by commercial interest and fee income, though lower other income, which the bank tied to higher interest-rate volatility, offset part of the gain. The Dutch lender will cut about 400 jobs in March as it reshapes its wholesale banking arm, which serves large corporate clients and institutional investors. The division will be renamed corporate and institutional banking. ING expects a €175m pre-tax redundancy charge in the fourth quarter. The changes should bring recurring annual savings of about €75m from 2028. It also launched a €1.65bn share buyback and will pay shareholders €250m in cash in January.

Alfa Laval, a Swedish maker of heat transfer, centrifugal separation, and fluid handling technology, has refinanced its €1 billion Revolving Credit Facility. The new facility has an initial maturity of five years and an accordion feature that allows an extra €200 million. Extension options could add up to two years. BNP Paribas and SEB acted as Joint Coordinators. Bank of America, Danske Bank, Crédit Agricole CIB, Handelsbanken, HSBC, ING, Nordea Bank, and Standard Chartered joined the syndication. The deal strengthens the company's liquidity buffer and balance sheet. Alfa Laval reported annual sales of 69.6 billion SEK (about €6.6 billion) and employs more than 23,500 people in over 100 countries.

ING reported a third-quarter 2026 net result of €1,850 million, up 3.5% year-on-year, with a return on tangible equity of 16.3%. Profit before tax rose 5.7% to €2,705 million. The bank added 259,000 mobile primary customers, with strong contributions from Germany, the Netherlands, and Romania. Fee income grew 9.3% to €1,273 million, while net core lending rose €11.0 billion and net core deposits €12.1 billion. With a CET1 ratio of 13.3%, ING announced a €1.9 billion distribution to shareholders. It also plans to refocus and simplify its Wholesale Banking arm. Chief executive officer Steven van Rijswijk said ING is on track to meet its 2026 outlook.