Brussels, 30/11/2010 (Agence Europe) - Dutch bank ING will have to fully repay its loans from the Dutch state before it starts reimbursing the €1.2 bn or so that it borrowed from private investors using the Tier 1 hybrid capital raising instrument, the first payment deadline of which is 31 December 2010.
This is what the European Commission decided on 30 November 2010, rejecting ING's request of 16 November to be allowed to reimburse private investors first. The Commission pointed out...