ING announced on Monday that the European Central Bank (ECB) has notified it of the capital requirement that the Dutch financial group will have to meet in 2024.

Following the finalization of the Supervisory Review and Evaluation Process (SREP) conducted by the ECB, the 'CET1' capital ratio requirement will be 10.78% as of January 1, 2024, compared with 10.83% previously.

In a press release, ING reports that its CET1 ratio was already well above this threshold, at 15.2% as of September 30.

ING shares were up 0.5% on Monday morning on the Amsterdam stock exchange following this announcement, compared with a 0.1% decline for the AEX stock market index.

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