Dutch Govt injects €10bn into ING

ING, which is popular in the UK through its ING Direct savings brand, has offloaded the Dutch State an 8.5% stake and has agreed to pass over its final dividend for 2008. Sunday’s move surprised many analysts and investors as it came just two days after ING said its capital position remained “in line with targets”. The Dutch bank further strengthened its balance sheet today, selling its Taiwanese life insurance business for €447m. ING chief Michel Tilmant says the Government’s issue is non-dilutive to outstanding share capital. “Our capital position was in line with previously targe...