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ING: Amend compensation to Dutch retail customers

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ING: Amend compensation to Dutch retail customers

  • ING is a pioneer in digital and on the forefront one of the most innovative banks in the world
  • Announced that it will amend the compensation to customers with for revolve credit facilities
  • In October 2021 announced this compensation, execution of which is progress well
  • Based on a recent rule by the Dutch Institute for Financial Disputes (Kifid) regard similar products at comparable industry cases
  • Amend its previously announced scheme by also compensate interest on interest
  • Expects to book a provision of approximately €75 million in its third quarter 2022 results

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