All news Press releases only

September 2018

05 September 2018 | Press release
ING completes sale of insurance businesses in Malaysia

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.

05 September 2018 | Press release
ING completes sale of ING Direct Canada

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.

05 September 2018 | Press release
ING to sell ING Direct UK to Barclays

ING announced today that it has reached an agreement to sell ING Direct UK to Barclays. The transaction is part of ING’s ongoing evaluation of its portfolio of businesses and is in line with ING’s strategic objective to sharpen the focus of the bank.

05 September 2018 | Press release
ING reviews position of ING Direct in Canada and UK

ING continuously evaluates its portfolio of businesses, in line with its stated objective of sharpening its focus. Within this context, ING today announced that it is currently reviewing strategic options for ING Direct Canada and ING Direct UK.

05 September 2018 | Press release
ING and trade unions finalise pension scheme for employees in the Netherlands

ING announced today that it has finalised its agreement on a new pension scheme for employees in the Netherlands, following acceptance of the new scheme by both the unions and their members. The new pension scheme will take effect on 1 January 2014 and will apply to the 19,000

05 September 2018 | Press release
ING Bank reaches agreement with US Authorities

ING Bank announced today that it has entered into a Settlement Agreement with U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) and Deferred Prosecution Agreements with the Department of Justice, the United States Attorney’s Office for the District of Columbia and the District Attorney of the County of New York (together the “U.S. Authorities”) in relation to the investigation by those agencies into compliance with U.S. economic sanctions and U.S. dollar payment practices until 2007.