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ECB hikes Dutch bank ING's capital requirement

The ECB raised the minimum capital requirement for ING Groep NV as a result of its 2019 Supervisory Review and Evaluation Process.

The Dutch banking group must hold a minimum common equity Tier 1 ratio of 11.96% beginning Aug. 1, 2020, up from a current requirement of 11.83%. ING said the increase was due to a similar movement in its countercyclical buffer requirement for 2020.

The bank's fully loaded CET1 ratio stood at 14.6% as of October-end.