ING CEO: No Decision Yet On Dividend For 2009
August 12 2009 - 6:38AM
Dow Jones News
Dutch financial services firm ING Groep NV's (ING) chief
executive said Wednesday it is too early to say whether the company
will pay a dividend for full-year 2009.
Earlier Wednesday, the Netherlands' largest financial services
group by market capitalization said it won't pay an interim
dividend due to poor first-half operating results and capital
ratios, and because the financial services industry is engaged in
discussions on required capital and leverage ratios.
In 2008, the company paid an interim dividend of EUR0.74 and
omitted a final dividend due to the banking crisis.
At a press conference, Chief Executive Jan Hommen wasn't more
specific about a final dividend.
Company Web site: www.ing.com
-By A.H. Mooradian and Robin van Daalen, Dow Jones Newswires;
+3120 571-5200; art.mooradian@dowjones.com