Restructuring plan and back-up facility: The European Commission approves a Dutch bank restructuring plan and illiquid asset back-up facility (ING)

*This article is an automatic translation of the original article, provided here for your convenience. Read the original article. – Eur. Comm. dec. of 18 November 2009 on the State aid implemented by the Netherlands for the plan for back-up facilities for illiquid assets and for the restructuring of ING, Case C 10/2009 (ex N 138/2009) ING provides banking, insurance and asset management services to more than 85 million customers in over 40 countries. With some 125,000 employees and a balance sheet of EUR 1,332 billion at the end of 2008, it is one of the world's largest financial institutions. It has benefited from a number of support measures since the beginning of the financial crisis. Thus, on 11 November 2008, the Dutch State injected EUR 10 billion of capital into ING under