Ministers may sweeten state support payback

The finance ministry is prepared to talk about changing the repayment conditions for financial services groups which have already paid off some of the billions of euros received in state aid, the Financieele Dagblad reports on Thursday.

Aegon has had €3bn, ING €10bn and SNS Reaal €750m in capital injections from the government. All three have paid off some of the debt against what the FD says are ´relatively generous´ repayment terms.
Now the finance ministry says it is willing to talk about cheaper paybacks for the remaining debt for all three institutions. ´The minister has always said he is willing to talk if the other groups want to,´ a spokesman said. But he added that any changes in the terms would have to be approved by the European commission.
ING CEO Jan Hommen had told the Telegraaf on Wednesday he wanted to talk to the ministry about the terms for repaying the remaining €5bn.

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