Dutch bank ING has agreed to sell its Russian business to a Moscow-based company, taking a €700mn hit to profits and ending its activities in the country nearly three years after the Kremlin’s ...
Under the terms of the agreement, Global Development will acquire all shares of ING Bank (Eurasia) JSC, taking over all Russian onshore activities and staff." Details: The agreement is subject to ...
This transaction will effectively end ING’s activities in the Russian market. Under the terms of the agreement, Global Development will acquire all shares of ING Bank (Eurasia) JSC, taking over all ...
ING Group (NYSE: ING) has agreed to sell its Russian operations to Global Development JSC, marking the Dutch bank's exit from the Russian market, the company announced today.
Since February 2022, the ING Group has ceased operations with new clients from Russia, reduced business activity and taken measures to separate its Russian bank from the group's networks and systems.
ING Groep INGA-1.59%decrease; red down pointing triangle is sticking to its plans to grow organically in the markets where it already operates, even as several European rivals turn to mergers and ...