The Dutch government is investing the equivalent of $13 billion in ING Groep N.V.
ING, Amsterdam, the Netherlands, says the cash infusion will strengthen its ability to handle the current economic environment.
The Dutch government will get non-voting shares in ING, ING says.
ING says the deal will strengthen its insurance balance sheet and reduce its debt-equity ratio to about 10%.
The Dutch government announced Oct. 9 that it would make capital available to domestic financial companies that are fundamentally sound.