ING toreview strategic options for itsRetail Banking businessin France
ING announced today that it is conducting a strategic review of its Retail Banking business in France. The review is focused solely on the Retail Banking business and not on ING's Wholesale Banking activities in France.
ING has been active in the French retail banking market since 2000 as an online bank and currently serves around 1 million customers, offering current accounts, mortgages, consumer lending and investment products. ING France has around 700 employees, of which two-thirds work in Retail Banking. Globally more than 57,000 ING employees o?er Retail and Wholesale Banking services to customers in over 40 countries.
Any potential outcome of the review of ING's Retail Banking business in France would be carried out in accordance with the social and regulatory legislation in force, taking into account the best interests of our customers, employees and other stakeholders.
Note for editors
For further information on ING, please visit www.ing.com. Frequent news updates can be found in the Newsroomor via the @ING_newsTwitter feed. Photos of ING operations, buildings and its executives are available for download at Flickr. ING presentations are available at SlideShare.
| Press enquiries | Investor enquiries | |
| Christoph Linke | ING Group Investor Relations | |
| +31 20 576 43 15 | +31 20 576 6396 | |
| Christoph.Linke@ing.com (mailto:Christoph.Linke@ing.com) | Investor.Relations@ing.com (mailto:Investor.Relations@ing.com) | |
| |
ING PROFILE
ING is a global financial institution with a strong European base, offering banking services through its operating company ING Bank. The purpose of ING Bank is empowering people to stay a step ahead in life and in business. ING Bank's more than 57,000 employees offer retail and wholesale banking services to customers in over 40 countries.
ING Group shares are listed on the exchanges of Amsterdam (INGA NA, INGA.AS), Brussels and on the New York Stock Exchange (ADRs: ING US, ING.N).
Sustainability forms an integral part of ING's strategy, evidenced by ING's leading position in sector benchmarks by Sustainalytics and MSCI and our 'A-list' rating by CDP. ING Group shares are included in major sustainability and Environmental, Social and Governance (ESG) index products of leading providers STOXX, Morningstar and FTSE Russell. In January 2021, ING received an ESG evaluation score of 83 ('strong') from S&P Global Ratings.
IMPORTANT LEGAL INFORMATION
Elements of this press release contain or may contain information about ING Groep N.V. and/ or ING Bank N.V. within the meaning of Article 7(1) to (4) of EU Regulation No 596/2014.
Certain of the statements contained herein are not historical facts, including, without limitation, certain statements made of future expectations and other forward-looking statements that are based on management's current views and assumptions and involve known and unknown risks and uncertainties that could cause actual results, performance or events to differ materially from those expressed or implied in such statements. Actual results, performance or events may differ materially from those in such statements due to a number of factors, including, without limitation:.
This document may contain inactive textual addresses to internet websites operated by us and third parties. Reference to such websites is made for information purposes only, and information found at such websites is not incorporated by reference into this annual report. ING does not make any representation or warranty with respect to the accuracy or completeness of, or take any responsibility for, any information found at any websites operated by third parties. ING specifically disclaims any liability with respect to any information found at websites operated by third parties. ING cannot guarantee that websites operated by third parties remain available following the filing of this document or that any information found at such websites will not change following the filing of this document. Many of those factors are beyond ING's control.
Any forward looking statements made by or on behalf of ING speak only as of the date they are made, and ING assumes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information or for any other reason.
This document does not constitute an offer to sell, or a solicitation of an offer to purchase, any securities in the United States or any other jurisdiction.
Attachment
- ING to review strategic options for its Retail Banking business in France (https://ml-eu.globenewswire.com/Resource/Download/6248ff4a-8cb4-40ac-88e9-a9dc4c150781)
