Economy "remains challenging"

Investors who make international payments to purchase insurance products are remaining cautious, according to industry experts.

Bank International Netherlands Group (ING) recently revealed that it has seen a €71 million (£61.1 million) profit in the three months preceding June.

This compares to a €1.95 billion profit (£1.67 billion) that the firm experienced in the second quarter of 2008.

Jan Hommen, chief executive of the bank, explained that the decrease reflects caution in investors who are making money transfers.

However, Mr Hommen hinted that investors may start to buy more products when the global economy beings to pick up.

"Market impacts and the weaker economic environment continue to strain ING's results," he said.

"While we begin to see signs of recovery in financial markets, economic conditions are expected to remain challenging for some time."

In other news, property resource Nubricks.com recently highlighted Asia as a potentially lucrative location regarding commercial investments.

Click here to make an International Money Transfer.

By Linsey Summers