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
