ING posts 1Q2021 net result of €1,005 million

ING posts 1Q2021 net result of €1,005 million

1Q2021 result before tax of €1,463 million; capital position remains strong at 15.5% • Net interest income up on 4Q2020, supported by the benefit from TLTRO III, which more than offset liability margin pressure. • Robust growth in fee income of 9.1% year-on-year, especially on investment products. • 1Q2021 had a low level of risk costs. Expenses were under control, but included some incidental costs due to restructuring. Lending and customer deposits increase • Net core lending growth of €17.8 billion in 1Q2021 as TLTRO funds were applied to support…

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Belgium’s most biodiverse nature reserve under threat

Belgium’s most biodiverse nature reserve under threat

Ever since the old Schaerbeek-Josaphat marshalling yard fell out of use in 1994, nature has slowly taken back the site. The result is an unparalleled, urban nature reserve known as “Friche Josaphat”: the most biodiverse place in Belgium. Because the site is not accessible to the public, insects, birds, and mammals such as foxes, have begun calling this wild cityscape their home. Biologists were astounded to find more than 1200 animal species on the mere 24 hectares of land. One-third of the 360 wild bee species that are found in…

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