Dutch bank ING Groep NV (INGA.AE) said Tuesday it plans to adopt a compensation framework for Dutch small and medium-sized enterprise clients with interest rate derivatives, and expects to book a provision of 150 million euros ($166.88 million) against this in the second quarter.

ING, one of Europe's biggest deposit takers, said at the time of its 2015 annual accounts that it and other banks had been reviewing derivative contracts sold in previous years to Dutch SME clients.

In March the minister of finance appointed a committee of three independent experts to determine a uniform framework to assess the derivative contracts in scope and to compensate clients where appropriate.

-Write to Ian Walker at ian.walker@wsj.com; @IanWalk40289749

(END) Dow Jones Newswires

July 05, 2016 02:54 ET (06:54 GMT)

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