ING Group has been notified of the European Central Bank (ECB) decision on the 2018 Supervisory Review and Evaluation Process (SREP), which will set the capital requirements for 2019. The common equity Tier 1 requirement for ING Group will be 11.8% in 2019.
The focus on circular is increasing among US businesses, according to a new ING survey.
ING Bank notes the announcements made today by the European Banking Authority (EBA) and De Nederlandsche Bank (DNB) regarding the information of the 2015 EU-wide Transparency Exercise and fulfilment of the EBA Board of Supervisors’ decision.
ING announced today that Carin Gorter has resigned as a Member of the Supervisory Board of ING Group, following the proposal to appoint her as Chief Risk Officer at Rabobank. Carin Gorter was appointed to the ING Group Supervisory Board in May 2013. Within the Supervisory Board she was a member of the Audit Committee, the Risk Committee and the Corporate Governance Committee.
ING Commercial Banking has increased the volume of financing by 7% for sustainable clients and projects in the first half year of 2015, reaching over €20.9 billion in comparison to year-end 2014. “This is in line with ING’s target to grow its financing of sustainable transitions and includes loans to renewable energy schemes, environmental outperformers and other sustainability projects,” reports Leonie Schreve, ING Global Head of Sustainable Finance.
In order to improve the customer experience and enhance operational excellence, ING will take measures to further expand digital banking, strengthen local advisory capabilities in the branch network and to make additional IT investments in its Dutch retail banking unit.
ING Vysya Bank (Vysya) and Kotak Mahindra Bank (Kotak) today announced their intention to merge their respective businesses.
ING Group today announced the pricing for the sale of 34.5 million shares of common stock of Voya Financial Inc. that was announced on 12 November 2014. ING Group has sold approximately 30 million Voya shares at a price of USD 39.15 per share in the public offering. In addition ING Group has sold to Voya approximately 4.5 million shares for an aggregate amount of USD 175 million.
ING Group today agreed to sell shares of common stock of Voya Financial, Inc. in an underwritten public offering. In addition, ING Group has entered into a share repurchase agreement with Voya under which Voya will repurchase USD 175 million of its shares of common stock from ING Group.