ING reaction to announcement of European Commission

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ThE FINANCIAL — ING has taken notice of the European Commission decision to appeal the General Court judgment of 2 March 2012 that partially annulled the EC decision regarding ING’s restructuring plan.

 

ING has also taken notice of today’s announcement by the EC on ING’s restructuring plan and their decision to investigate amendments to the restructuring plan. ING will carefully assess these EC decisions as well as the consequences.

Furthermore, as announced earlier, ING has begun discussions with the Dutch State and together with the State will soon start discussions with the EC. According to ING Groep, the Dutch State and ING have recently informed the EC that they will submit an amended and updated restructuring plan. ING is looking forward to a constructive dialogue with the State and the Commission to resolve the outstanding issues. Any further announcements will only be made if and when appropriate.

 

 

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