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ING posts 1.2 bln euro 3Q pretax profit, to cut 1,000 jobs

AMSTERDAM, Nov 5 (Reuters) - ING Groep NV, the largest Dutch bank, on Thursday reported lower than expected pre-tax profit of 1.20 billion euros ($1.41 billion) for the third quarter on declining interest income amid the coronavirus pandemic and said it intends to cut 1,000 jobs.

Analysts had forecast pretax profit of 1.26 billion euros, according to a Refinitiv poll. In the third quarter of 2019, ING reported pretax profit of 1.34 billion euros. ($1 = 0.8520 euros) (Reporting by Toby Sterling; Editing by Kim Coghill)

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