Dutch financial institution ING takes impairment charge
Wednesday, February 20, 2008 Dutch financial institution ING Group reported today in its quarterly results an impairment charge of €194 million euros (approximately US$285.6 million). However, as a result of selling an equity stake in rival ABN AMRO, the net profit of €2.48 billion, was 18% higher than last year. The impairment charge is a …