Monday 20, October 2008 by Robin Amlôt

Dutch government bails out ING

The Netherlands' biggest bank, ING Group has gone cap in hand to the Dutch government to boost the bank’s capital. In return for a 10 billion euro ($13.4 billion) capital injection, ING will issue non-voting core Tier-1 securities to the Dutch state and the government will nominate two members to the ING Group Supervisory Board, to be elected at the ING General Meeting of Shareholders in 2009.

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