AMSTERDAM (Thomson Financial) - ING Group NV spokeswoman Caroline van der Giessen offered no comment concerning market rumours of an impending profit warning at the banking group, but did say that ING was 'fully aware of regulatory obligations to bring out a press release should there be a deviation between what was said during the third quarter results and the reporting of full year results'.
'You can draw your own conclusion there,' Van der Giessen said.
ING said during the release of their third-quarter results in November that it had not incurred any material impairments on its 3.1 bln eur of subprime-backed investments on the back of the sub-prime crisis in the US.
Van der Giessen also noted that ING's 5 bln eur share buy-back programme, meant to optimise the bank's capital structure, was 'in full swing'.
Cornelia Messing; cornelia.messing@thomson.com cmm/nes COPYRIGHT Copyright Thomson Financial News Limited 2007. All rights reserved. The copying, republication or redistribution of Thomson Financial News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Financial News.
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