ING pays final EUR 1.025 billion to Dutch State
Amsterdam, 7 November 2014
Today ING has paid EUR 1.025 billion to the Dutch State, including EUR 683 million repayment of core Tier 1 securities and EUR 342 million in interest and premium. This payment, which was approved by the Dutch Central Bank and the European Central Bank, is the final repayment on the core Tier 1 securities.
Including this final payment, the total amount paid to the Dutch State is EUR 13.5 billion, containing EUR 10 billion in principal and EUR 3.5 billion in interest and premiums, giving the State an annualized return of 12.7%.
The payment of EUR 1.025 billion has been funded from ING Group. As a result the repayment has no impact on ING Bank´s capital ratios.
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ING PROFILE
ING is a global financial institution of Dutch origin offering banking services through its operating company ING Bank and holding significant stakes in the listed insurers NN Group NV and Voya Financial, Inc. The purpose of ING Bank is empowering people to stay a step ahead in life and in business. ING Bank’s 53,000 employees offer retail and commercial banking services to customers in over 40 countries.
ING Group shares are listed (in the form of depositary receipts) on the exchanges of Amsterdam (INGA NA, ING.AS), Brussels and on the New York Stock Exchange (ADRs: ING US, ING.N).
Sustainability forms an integral part of ING’s corporate strategy, which is evidenced by ING Group shares being included in the FTSE4Good index and in the Dow Jones Sustainability Index (Europe and World) where ING is the industry leader in the diversified financials group.
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