In April, our Insurance operations in the U.S. completed a USD $5 billion unsecured credit facility, completely standalone. So on their own credit strengths, without support from the ING Group. It's a very important step to independence for our U.S. Insurance operations. And in March, we had a favorable court ruling on our appeal against the European Commission. And we have started discussions with the Dutch State, and together, we will soon start discussions with the European Commission. I must say, though, that we are committed and remain committed to the decision to separate Bank and Insurance, and that we continue to make progress as we prepare Insurance and Investment in the U.S. and Europe for standalone activities.

Read the rest of this transcript for free on

If you liked this article you might like

Blockchain Startup Catches Eye of Intel, Big Banks

ING Groep Tops First-Quarter Earnings Estimate as Wholesale Banking Impresses

Cash Out: Study Suggests Carrying Paper Money Going the Way of the Dodo

European Banks Hit Hard As Bonds Rally, ECB Cautions on Early Stimulus Exit

European Stocks Slide as Global Markets Reverse 'Trump Rally' Optimism