Pre-tax profits from wholesale banking at ING, the Netherlands bank, rose 50% in the nine months to the end of September compared with the same period last year, but brokerage and advisory fees dropped by a fifth.

The Dutch bank's wholesale banking division includes asset management businesses ING Real Estate and Baring Asset Management. Pre-tax profits at each division more than doubled: to €199m ($255m) at ING Real and to €28m at Baring.