ING expects insurance unit listing next year

THE HAGUE (Reuters) - Dutch financial group ING (ING.AS) (ING.N) expects to list one or more of its insurance units in 2012, it said on Wednesday, and is still in talks about a sale of its real estate investment management business.

ING received 10 billion euros in state aid in 2008 at the height of the credit crisis and is selling some operations and splitting its bank and insurance operations to meet European Commission requirements for allowing the state bailout.

"I think next year it should be possible," ING's chief executive Jan Hommen said, referring to the planned listing of the group's insurance units. "It will depend on the market. We will look at what we can do first and what size."

The company had previously said it was planning two listings, one in Europe and one in the United States and although the last quarter of 2011 was possible, it had said 2012 was more likely.

Hommen was speaking outside the Dutch parliament where he had and other banking chiefs had earlier answered questions from lawmakers about pay bonuses in the financial sector.

Besides listing its insurance units, ING is also in talks with several parties on a possible sale of parts of its real estate arm, whose property portfolio is valued at over 65 billion euros ($90 billion).

Hommen reiterated on Wednesday that the group was still talking with "a few parties" about the possible sale of ING Real Estate Investment Management, but declined further comment.

($1=.7224 euros)

(Reporting by Gilbert Kreijger; Editing by Greg Mahlich)