ING Executive: Loan Loss Provisions To Remain At Elevated Level
12 August 2009 - 8:50PM
Dow Jones News
Dutch financial services giant ING Groep NV (ING) plans to keep
loan loss provisions at an elevated level, the company's Chief Risk
Officer Koos Timmermans said Wednesday.
At a press conference, Timmermans didn't say for how long the
provisioning will remain elevated. But earlier in the day, the
company said it expects to record loan loss provisions in the
second half at a level similar to the EUR852 million of new
provisions taken for the first half.
Company Web site: www.ing.com
-By A.H. Mooradian and Robin van Daalen, Dow Jones Newswires;
+31 20 571-5200; art.mooradian@dowjones.com