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