The Dutch financial regulator AFM doesn't rule out penalizing other mortgage lenders in the Netherlands, after saying earlier Monday that it fined Dutch cooperative bank Rabobank for acting negligently in assessing the income potential of first-time home buyers.

The AFM conducted an industry-wide study in 2009 on how the banks adhere to the rules governing mortgage lending. The focus of the study was primarily the bank's policies to avoid over lending, the AFM said Monday.

Rabobank said it will pay the EUR150,000 fine and won't appeal the AFM's decision, but also said that it doesn't agree with the AFM's assessment.

ING Groep N.V. (ING) told Dow Jones Newswires it is still in talks with the regulator, whilst ABN Amro wasn't immediately available for comment.

-By Roberta B. Cowan, Dow Jones Newswires, +3120-571-5200, roberta.cowan@dowjones.com
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