ING Group has agreed a deal with European regulators on when it will repay the remaining €3 billion it still owes in state aid.
The bank fell foul of EU laws when it was bailed out by the Dutch state in 2008.
It said it will repay the money, plus a 50% penalty, in four installments.
It also negotiated a deal on the sale of its insurance activities.
Instead of the original 2013 plan, the business will be sold in stages, with at least 50% of its US arm sold by the end of 2014 and 50% of its European arm by the end of 2015.
The company said it still plans to sell shares for the divisions.