ING strengthens its capital of 10,000 million euros, it ranks as one of the strongest banks in the world.

Date: October 20, 2008	Source: Economic @ 21
Category: Business

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Dutch bank ING saw its co tization in the stock lost up to 27% when rumors spread that the bank needed capital injection to maintain their competitiveness, despite having been denied by the institution. In recovering instead with more than the heavy losses suffered on Friday at the Amsterdam stock exchange where its shares are up 29.24% after injection of 10,000 million euros of state capital announced on Sunday.

This action is part of the agreement reached by the European Union to strengthen its financial system.

This is good news for customers of ING DIRECT, since it means that your savings are now in a bank even more solvent and solid. A guarantee of ING Group, has joined the Dutch government support, which the Deposit Guarantee Fund amounted to 100,000 per owner. If we add the guarantees of each government in their own country, where in the case of Spain amounts to another 100,000 euros per account holder, in the course of a couple who have their savings accounts at ING spread among HANGES would guaranteed up to 200,000 x 2, or what is the same as 400,000 euros in deposit guarantees family.

In the words of Dutch Finance Minister Wouter Bos, "has reached this agreement because ING is a solvent and well run entity. With this investment the State, ING became one of the strongest banks in the world."

The current market environment has changed in recent weeks and led to international conviction that governments of different countries should take more responsibility for ensuring the good health of financial institutions and protect their customers

One of the key measures of the strength of a company is called "Capital Ratio". The equity ratio of ING, ie its "cushion" financial, and stood well above the targets set by European regulators. However, the current international situation, governments and regulators have concluded that they are needed greater financial reserves as a precaution. The Dutch government's investment provides a greater financial capacity ING.

"This investment strengthens our position as the world's third largest bank by deposits and the largest financial institution in the Netherlands."

This article translated by a computer WAS program. We apologize for any inconvenience That may result from the correct translation of it.

The Dutch bank ING ITS saw listing on the stock market lost up to 27% When rumors spread That the bank needed capital injection to Maintain Their Levels of Competitiveness, events HAVING Been Challenged by the entity itself. In contrast to recover far Losses suffered heavy Friday on the Bombay Stock Exchange Amsterdam, where its shares Have Risen 29.24% after the injection of 10,000 billion euros from state capital Announced on Sunday.

This action is part of the agreement Reached by the European Union to Strengthen Financial System ITS.

This is good news for customers of ING Direct, Because It Means That your savings in a bank are now even more solvent and solid. A guarantee of ING Group, has joined the backing of the Dutch government, Whose Deposit Guarantee Fund amounting to 100,000 per owner. If we add to this the Guarantees of Each Government in Its Own Country, where in the case of Spain amounted to 100,000 euros per head, in the course of a couple Who Have Their Savings accounts at ING in Split Between Hanges be guaranteed up to 200.000 x 2, or what is the Same up to 400.000 euros in deposits Guarantees family.

In the words of the Dutch finance minister, Wouter Bos, "Because you've Reached this agreement is to ING solvent and well managed. With This state investment, ING Becomes one of the strongest banks in the world."

The current market environment in recent Has Been Transformed weeks and led to the conviction That international governments of Different Countries Must Be Involved in Ensuring more the good health of Financial Institutions Protecting Their customers and Malthus

One of the key Measures of the strength of a company is Called "Capital Ratio." The capital ratio for ING, That is, its "cushion" financially, and WAS well above-the targets in September by European regulators. However, in the current international situation, governments and Regulators Have Concluded That Greater Financial reserves as a precautionary are necesario measure. The Dutch Government's investment Gives Greater ING Financial capacity.

"This investment strengthens our position as the world's third-largest bank by deposits and the largest Financial Institution in the Nederland."

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