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ING Groep N.V.

ING Groep N.V.

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Publicatie datum 01 nov 2013 - 08:00
Statutaire naam ING Groep N.V.
Titel ING and Dutch State reach agreement on unwinding of Illiquid Assets Back-up Facility
Bericht ING announced today that it has reached an agreement with the Dutch State on the unwinding of the Illiquid Assets Back-Up Facility (IABF). The facility was established in 2009, at the depth of the financial crisis, in order to reduce the risk and uncertainty for ING from a portfolio of US Alt-A mortgage securities. Market developments now allow the unwinding of the facility, including selling the securities, with a cash profit for the Dutch State.