AMSTERDAM, March 25 Dutch bank ING said
on Tuesday it will pay the Dutch State 1.225 billion euros on
March 31, 100 million more than originally scheduled, as part of
its repayment of the 10 billion euro support it received during
the financial crisis.
The payment brings the total paid to the state to 12.5
billion euros, including 9.3 billion in principal and 3.2
billion in interest and premiums, ING said in a statement.
A final payment of 1.025 billion euros will be made in May
2015, which will bring the total amount of repayments to 13.5
ABN Amro and ING, once the pride of Amsterdam's
international financial hub, are emerging from state bailouts
with a scaled back and more locally oriented business model.
Together, they cost their country nearly 32 billion euros to
prevent a collapse during the financial crisis. Both are close
to repaying their debts and standing alone again but struggle
with a weak local economy and tough regulation.
(Reporting by Geert De Clercq, editing by William Hardy)