ING to pay back part bail-out before year-end

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ING is to pay back half of its €10bn treasury bail-out on December 21, the financial services group said in a statement on Friday.


In total, ING is paying back the state €5.606bn, €5bn from the bail-out, €259m in interest and a €347m fine for early repayment.
ING is financing the pay-back from its new share issue which it hopes will raise €7.5bn.

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