?10 billion government boost for ING

The investment will bring ING’s core tier-1 ratio to around 8 per cent and will strengthen its capital position to navigate the current difficult market.

The announcement follows ING’s forecast on Friday that it expects a €500 million euro ($A977.33 million) net loss in the third quarter as a result of the financial crisis.

Published: 20-10-08

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Written by Staff Reporter

Last Updated: 09 March 2022

Published: 20 October 2008