Press Release: State aid: Commission approves amendments to the restructuring plan of ING

Following an agreement between the European Commission and The Netherlands, the Commission has approved an amended restructuring plan of the Dutch-based financial institution ING under EU state aid rules. ING agreed to a fixed repayment schedule and revamped its proposals to ensure that a new competitive force emerges in the Dutch retail market. At the same time the prolongation of certain deadlines for the divestment of assets is compensated by longer behavioural constraints on the bank. This new plan addresses the Commission's concerns.

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