Obbligazioni perpetue e subordinate Tutto quello che avreste sempre voluto sapere sulle obbligazioni perpetue... - Cap. 2

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Sept. 27, 2012, 2:45 a.m. EDT
ING repeats aim to repay state as soon as possible

By Amsterdam Bureau
AMSTERDAM--Dutch financial services company ING Groep NV reiterated Thursday that it aims to repay a government bailout as soon as possible, and that the terms and timing of repayment will depend on the outcome of its discussions with the European Commission on its restructuring plan.

MAIN FACTS:

-Chief Executive Jan Hommen will address the Bank of America Merrill Lynch 17th Annual Banking & Insurance CEO Conference in London.

-In his presentation, 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 also demonstrate how ING is maintaining momentum in restructuring the company, including the progress towards the planned IPO for ING US and the preparations for the IPO base case for Insurance Europe..

-The sale process for the insurance operations in Asia are ongoing and ING is negotiating with several interested parties and expects the sale to take place through multiple transaction.

-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.

Dow Jones Newswires
 
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