AMSTERDAM (AP) — ING Groep NV says it has repaid the Dutch state €1.125 billion ($1.46 billion) arising from its 2008 bailout.
The payment was €750 million in principle and €375 million in interest. ING still owes a final €1.2 billion — plus interest — from its €10 billion bailout. Earlier this month the company said it had struck a new deal with European regulators to compensate for having needed state aid, including a new repayment schedule and more time to dispose of its European and U.S. insurance operations.
ING said its core Tier 1 ratio — an important measure of solvency for banks — has fallen by about 0.75 percent to 11.8 percent as a result of the repayment.