22 February 2021 | Press release, Strategy
ING to leave Czech retail banking market by end-2021
ING is announcing today that it intends to withdraw from the retail banking market in the Czech Republic.
ING is announcing today that it intends to withdraw from the retail banking market in the Czech Republic.
“As the pandemic impacted our customers, business clients and society, it also had an impact on us. Despite these corona-related headwinds and the continuing negative interest rate environment, our results were resilient and we continued to see more customers choose ING.”
ING notes the announcements made today by the European Banking Authority (EBA) and the European Central Bank (ECB) regarding the information of the 2020 EU-wide Transparency Exercise and Risk Assessment Report.
ING announced today that Ljiljana Čortan will be appointed chief risk officer of ING.
“Helping colleagues, customers and communities safely through the Covid-19 pandemic remains a top priority, and I’m proud of how ING has stepped up to deal with this challenge,” said Steven van Rijswijk, CEO of ING Group.
ING today published its second progress report on Terra, ING’s approach to steer its €600 billion lending book in line with the well-below two-degree climate goal of the Paris Agreement.
As a gatekeeper to the financial system, ING has an important responsibility to help protect customers, society and the financial system against financial economic crimes. This is a challenge the financial industry faces globally. ING takes its responsibility extremely seriously.
ING announced today that Isabel Fernandez, member of the Management Board Banking and head of ING Wholesale Banking will leave ING to continue her career outside the company.
“The Covid-19 pandemic continued in the second quarter to strongly impact the economies where we operate and how we conducted our own business.”
ING announced today that as a result of the impairment test triggered by the Covid-19 pandemic, it expects to book approximately €300 million as an impairment on the goodwill on its balance sheet in its second quarter 2020 results. The goodwill is related to a number of acquisitions in the past.