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ING Groep To Pay Back €2B Dutch Aid

ING Groep is seeking to make a €2 billion payment to Dutch government in the next two months.

    ING Groepis seeking to make a €2 billion payment to Dutch government in the next two months,The Wall Street Journalreports. The Dutch lender also plans to repay the rest of the funds it received during the financial crisis by May next year.

    The Amsterdam-based financial institution received a €10 billion rescue package from the Dutch government. ING Groep is also planning to spin off its insurance business in two public offerings later this year, addsFinancialTimes.

    Click here for the story fromThe Wall Street Journal.

    Click here for additional coverage fromFinancial Times.

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