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INGA ING Groep NV

15.974
0.076 (0.48%)
Last Updated: 11:04:56
Delayed by 15 minutes
Share Name Share Symbol Market Type
ING Groep NV EU:INGA Euronext Ordinary Share
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.076 0.48% 15.974 15.972 15.976 16.006 15.848 15.95 3,419,381 11:04:56

ING to Compensate Dutch Consumer Loan Customers, Take EUR180 Million Provision

20/10/2021 7:51am

Dow Jones News


ING Groep NV (EU:INGA)
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From May 2021 to May 2024

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By Jaime Llinares Taboada

 

ING Groep NV said Wednesday that it will compensate Dutch customers with consumer loans where the variable interest rate didn't sufficiently follow market rates.

The company will book a 180 million euro ($209.4 million) provision in its third quarter results for the compensation and associated costs.

The lender said this is expected to concern around 10% of the contract for its floating-rate credit products in the Netherlands.

 

Write to Jaime Llinares Taboada at jaime.llinares@wsj.com; @JaimeLlinaresT

 

(END) Dow Jones Newswires

October 20, 2021 02:36 ET (06:36 GMT)

Copyright (c) 2021 Dow Jones & Company, Inc.

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