ING behind schedule with strategy to exit state aid in 2012

20 Jan 2012

ING Bank is to push back a €3bn repayment of state support that it had been planning to make in the next four months — but the bank said it nonetheless hoped to return the funds by the end of the year.

Setting out its strategy on January 13, ING said that it planned to reach a 10% Basel III core tier one ratio over the next two years. Having returned €7bn already, ING said it hoped to repay the remaining €3bn of state aid this year.

As recently as September ...

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