Dutch conglomerate ING
on Friday said it will repay five billion euros this month, half
the amount it had received from the state government at the
peak of financial turmoil last year.
ING will repay 5 billion euros (USD 7.35 billion) in state support on December 21, confirming its announced plans and raising hopes it can secure better terms on the remainder of its government aid.
Dutch bank and insurance group ING announced on Friday it would issue 1.7 billion new shares at 4.24 euros (6.3 dollars) apiece to raise 7.5 billion euros to pay back government emergency funding.
Dutch financial services firm ING has reported 499mn euros profit for Q3, helped by strong performance in banking and insurance business.
DBS Group, Southeast Asia`s biggest lender, has pulled out of the race to buy ING`s private banking unit in Asia, as it did not want to pay a premium for the business, a source with knowledge of the deal said.
Dutch financial services
major ING Group on Wednesday said it will sell its Swiss private
banking business to Switzerland-based Julius Baer for 344
ING said it will sell its 51 percent stakes in ING Australia and ING New Zealand to joint venture partner ANZ for USD 1.6 billion in cash as part of its global restructuring.
services major ING Groep N V has posted a second-quarter
profit of 71 million euros, bolstered by higher interest
income and recovery in stock markets.
Day in Pics: 31st January
Showbiz World - January 31, 2015
Playboy Super Bowl XLIX Party