ING to Compensate Dutch Consumer Loan Customers, Take EUR180 Million Provision
20 Outubro 2021 - 3:51AM
Dow Jones News
By Jaime Llinares Taboada
ING Groep NV said Wednesday that it will compensate Dutch
customers with consumer loans where the variable interest rate
didn't sufficiently follow market rates.
The company will book a 180 million euro ($209.4 million)
provision in its third quarter results for the compensation and
associated costs.
The lender said this is expected to concern around 10% of the
contract for its floating-rate credit products in the
Netherlands.
Write to Jaime Llinares Taboada at jaime.llinares@wsj.com;
@JaimeLlinaresT
(END) Dow Jones Newswires
October 20, 2021 02:36 ET (06:36 GMT)
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