The banking group made net profits of €928m (£725m), up from €128m in the same period of 2013.
Its retail banking arm made an underlying pre-tax profit of €946m, up 27 per cent on the year.
And ING made an underlying €677m in commercial banking, up 43.7 per cent. Overall profits were hit by the continued restructuring of the group, including €159m from discontinued operations in its NN Group insurance arm.
ING will make the final €1.025bn payment to the government tomorrow.
In total it will have repaid the €10bn bailout plus €3.5bn in interest and premiums – giving the Dutch government an annualised return of 12.7 per cent on the rescue package.
Analysts were very upbeat on the bank’s prospects.
“There is a serenity to these numbers that is a rarity among continental eurobanks and that is still not reflected in valuation,” said Jefferies’ Omar Fall.
ING’s shares rose 2.76 per cent.