[ADVERT]
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
  -0.19 -1.44% 13.046 13.02 13.048 13.186 12.788 13.18 16,837,887 16:40:00

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

20/10/2021 7:51am

Dow Jones News


ING Groep NV (EU:INGA)
Historical Stock Chart


From Jul 2021 to Jan 2022

Click Here for more ING Groep NV Charts.

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.

1 Year ING Groep NV Chart

1 Year ING Groep NV Chart

1 Month ING Groep NV Chart

1 Month ING Groep NV Chart
ADVFN Advertorial
Your Recent History
EU
INGA
ING Groep ..
Register now to watch these stocks streaming on the ADVFN Monitor.

Monitor lets you view up to 110 of your favourite stocks at once and is completely free to use.

By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions

P: V:gb D:20220128 22:03:59