ING has today completed the acquisition of its 75% stake in Payvision, a fast-growing, leading international omnichannel payments service provider.
ING Wholesale Banking today announced a number of initiatives aimed at further enhancing client centricity, addressing clients’ daily challenges and their strategic needs.
ING intends to participate in the private placement by Bank of Beijing which today filed its intention to issue approximately 2.4 billion ordinary shares to raise up to approximately RMB 24 billion (approximately EUR 3.2 billion at current exchange rates) with the Chinese Securities and Regulatory Commission.
“Accelerate” is the theme of the 2016 Integrated Annual Report of ING Groep N.V. (IAR) that is published today, together with the Annual Report of ING Bank N.V..
ING today announced the sale of 46.7 million ordinary shares of Kotak Mahindra Bank (Kotak). The shares were sold at a price of INR 782.32 per share. Gross proceeds to ING from the offering amount to approximately EUR 490 million (at the current exchange rate). The sale reduces ING’s stake in Kotak from currently 6.4% to 3.9%. ING’s remaining stake in Kotak will be subject to a 90 day lock-up following settlement of the transaction which is expected to occur on 4 October 2016.
ING announced today that the conversion of ING Groep N.V. depositary receipts for shares into ING Groep N.V. ordinary shares will take place on 26 July 2016.
Today, ING CEO Ralph Hamers will address the Morgan Stanley European Financials Conference in London.
ING today published the proxy materials relating to its annual General Meeting (AGM) to be held on Monday 11 May 2015. The proxy materials are available on the ING website.
ING today published the 2014 Annual Report of ING Group. For the first time, the ING Annual Report is an integrated report, combining the financial and non-financial performance in 2014.