Net core lending by Amsterdam-based bank ING increased by €123bn in Q1 2018.
In its first-quarter results, ING also announced that its overall customer base grew by more than 400,000 to 37.8 million.
The bank also recorded an underlying pre-tax profit of €1.68bn during Q1, up 2.1% on the same period last year.
“We delivered solid profitability in the first quarter, at the same time providing a differentiating experience for customers and innovating to stay relevant for them in the future,” said Ralph Hamers, CEO at ING Group.
“We attracted new customers and deepened the relationship with existing ones.”
ING's UK Open Banking platform Yolt helped towards the rise in customers as it passed the 250,000-user mark during Q1 2018.
“Yolt empowers by giving people better insights into their finances with the help of tools to manage their money across financial institutions,” Ralph added.
“Yolt taps into the disruption ushered in by the European PSD2 open payments directive with a multi-bank value proposition that we at ING feel will be a key element of the go-to banking platforms of the future.”
SIGN UP TO OUR NEWSLETTER TO RECEIVE MORE NEWS LIKE THIS STORY
British Business Investments aims to invest in ‘at least one’ challenger bank over next 12 months
British Business Investments Ltd has said it hopes to make another investment in at least one challenger bank over the next 12 months...
Gatehouse bolsters property team
Gatehouse Bank has expanded its property division with two appointments to its build-to-rent and real estate finance teams...
Leeds Building Society improves service for new-build homebuyers
Leeds Building Society has enhanced its new-build mortgage offering for homebuyers and mortgage brokers...
Arbuthnot Latham partners with Xactium
Arbuthnot Latham has chosen to implement the Xactium risk management system across the organisation...
FCA reports ‘notable’ urban-rural differences in how consumers experience financial services
There are “notable” differences between how consumers in urban and rural areas experience finance services, according to a new report by the FCA...
Digital banking fintech launches new product
Penta has launched a new product called Team Access whereby business owners can order MasterCards for their co-founders and co-workers...
Banking on the cloud: why moving core systems is no longer a distant possibility
Clearer regulation, greater flexibility and lower costs are behind banks’ increased use of the cloud for core activities such as anti-fraud, data hosting and analytics...
Starling Bank launches gambling blocker technology
Starling Bank has introduced a gambling blocker feature to help tackle betting addiction...
Triodos Bank provides £5m for Riverford employee ownership scheme
Triodos Bank has provided £5m of funding to help an organic veg box operation transfer 74% of the company ownership to employees...
Sainsbury’s Bank withdraws all base rate tracker products
Sainsbury’s Bank has removed all of its base rate tracker mortgage products with immediate effect...
Leek United extends mortgage offer period
Leek United Building Society has announced that it has doubled the offer period on its mortgages from three to six months...