AMSTERDAM — ING Group NV said Wednesday that it swung to a third quarter net profit from a loss a year earlier because of improving investment markets, and aims to focus on growth opportunities at its banking business.

Chief Executive Jan Hommen said ING wants to repay the remainder of the EUR10 billion of state aid it has received and concentrate on its growth strategy. It plans to pay back EUR5 billion before the end of the year and repay the remainder "quite early," Hommen said.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.