ING announced today that it has reached an agreement to sell ING Life Korea, its wholly owned life insurance business in South Korea, to MBK Partners for a total purchase price of approximately KRW 1.84 trillion (EUR 1.24 billion at current exchange rates).
The Annual General Meeting (AGM) of ING Groep N.V. today adopted the 2012 Annual Accounts.
ING announced today that it has completed the sale of its investment management business in Thailand to UOB Asset Management Ltd (UOBAM).
ING announced today that it has reached an agreement to transfer its local custody services business in seven countries in Central and Eastern Europe to Citi, one of the world’s largest providers of custody services.
ING announced today it will propose to the 2013 annual General Meeting (AGM) the appointment of Carin Gorter, Hermann-Josef Lamberti and Isabel Martín Castellá to the Supervisory Board. The AGM will be held on 13 May 2013 and the appointments will be effective as of that date.
ING announced today the release of the 2012 Annual Report of ING Group providing extensive information on the company, its strategy, businesses, financial performance and governance. ING also published the 2012 ‘ING in Society’ Report today, highlighting progress, achievements and priorities in the area of social and environmental responsibility and describing the sustainability policies and practices that are most material to ING’s business as a financial services provider.
ING announced today that it has completed the sale of ING Direct UK to Barclays.
ING announced today that it has completed the sale of its insurance operations in Malaysia to AIA Group Ltd. (AIA) with a net transaction gain of approximately EUR 750 million after tax. The sale includes ING’s life insurance business, its market-leading employee benefits business and its 60-percent stake in ING Public Takaful Ehsan Berhad.
ING announced today that it has completed the sale of ING Direct Canada to Scotiabank with a net transaction gain of EUR 1.1 billion after tax.
ING announced today the appointment of Delfin Rueda and Dorothee van Vredenburch as Members of the Management Board Insurance EurAsia (MBE) as of 1 November 2012.