The FINANCIAL -- Jan Hommen, CEO of ING Group, will address the Bank of America Merrill Lynch 17th Annual Banking & Insurance CEO Conference in London.

In his presentation Mr. Hommen will demonstrate how ING is maintaining momentum in restructuring the company, the divestment of the Insurance operations in Asia, the progress towards the planned IPO for ING US and the preparations for the IPO base case for Insurance Europe.

Solid results in the first half of 2012 and the sales of ING Direct Canada and the stake in Capital One are helping the bank to build capital to enable further repayment of the Dutch State. As ING group reported, Mr. Hommen will reiterate that ING aims to repay the State as soon as possible, including a tranche this year, while maintaining strong capital ratios. Terms and timing of repayment will depend on the outcome of the ongoing discussion with the Dutch State and the European Commission.

Mr. Hommen will conclude his presentation by focusing on the progress made in ING Bank’s Ambition 2015 programme, which includes targets for capital, efficiency, profitability and the balance sheet.

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