Dutch bank ING says it's business as usual in New Zealand after it became the latest European bank to seek government funding.
ING accepted an injection of 10 billion euros ($US13.4 billion) cash on Sunday after forecasting a loss of 500 million euros in the third quarter.
The funding was part of a pledge by the Dutch government to pump capital into its financial institutions.
ING Asia Pacific chief executive Paul Bedbrook says the funding strengthens ING's position in New Zealand and ING will come out of the financial turmoil stronger.
He says it also puts the bank on an even footing with its Belgian rival Fortis, which was partially nationalised two weeks ago.
