While the overall picture for the first quarter at Dutch major ING was flat at best, the private banking unit did better, with an underlying profit growth of 8.6 per cent to €75 million ($102 million) on income up 6.4 per cent at €182 million. All this came from outside the home markets: Holland and Belgium posted profit falls of 5.5 per cent and 5.4 per cent respectively, while the rest of the world surged 60 per cent to €24 million, based on growth in Asia and lower risk costs. Assets under administration rose in the first quarter by €4.1 billion to €63.3 billion, driven by a net inflow of €3.1 billion from strong sales across all locations.