Today, ING Groep, NV (ING) announced that it will file an appeal with the General Court of the European Union contesting the way the European Commission (Commission) has calculated the amount of State aid ING has received. In December, ING and the Dutch government had agreed to reduce the repayment premium owed by ING upon its repurchase of the first €5 billion tranche of Core Tier 1 securities from the Dutch government, resulting in a penalty payment of €500 million instead of €2 billion. ING plans to contest the Commission's view that the €2 billion reduction is "additional State aid."