The Dutch financial services group's profits hit $3.54 billion for the period - up from last year's figure of $2.7 billion.Revenue, meanwhile, was up 1.7 per cent to $26.5 billion.
The firm's sale of an undisclosed share of its 6.5 per cent stake in ABN Amro netted $791 million. Growth was especially evident in the firm's insurance business where pre-tax profit was up 49.8 per cent to $2.7 billion from $1.8 billion for the year ago period.
Michel Tilmant, ING chairman, said: "ING posted strong results in the second quarter as the business continued to benefit from solid economic and market conditions.
"Results benefited from a gain on the sale of part of ING's stake in ABN Amro, however this was a record quarter on an underlying basis without those proceeds."
News of the firm's performance comes as it has announced today that it is to open a retail bank in Ukraine next year, as it continues its programme of expansion in Eastern Europe.