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.



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Reuters

United Kingdom

Dutch bank ING to exit Russia after striking deal with Moscow investor

Dutch bank ING Groep said on Tuesday it had reached an agreement to sell its business in Russia to local company Global Development JSC, taking a 700-million-euro ($730 million) hit to its profits and showing that Western banks still have a route to exit the country.

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The sale of assets will be completed in the third quarter of 2025

Продаж активів буде завершено у третьому кварталі 2025 року

Найбільший банк Нідерландів йде з російського ринку

ГОЛОВНА

Kyiv

Kyiv City Municipality

Kyiv City Region

Ukraine

The largest bank in the Netherlands leaves the Russian market

ING Groep NV agreed to sell its Russian business for an undisclosed price and effectively exit the country three years after it invaded Ukraine, resulting in a €700 million ($730 million) hit to profit.

Bloomberg

Michael Bloomberg

The Vanguard Group

Howard Buffett

BlackRock

United States

ING to Take €700 Million Profit Hit to Sell Russian Business

ING Banking Group, with its parent bank in the Netherlands, which is our largest bank in terms of assets, is selling its Russian subsidiary ING Bank (Eurasia) to Global Development JSC, a Moscow financial investor. This is stated in the report of the financial institution. The report notes: “ING today announced that it has reached an agreement to sell its business in Russia to Global Development JSC, owned by a Moscow-based financial investor wi…

Банковская группа ING с материнским банком в Нидерландах, который является нам крупнейшим по размеру активов, продает свою российскую дочернюю компанию ING Bank (Eurasia) компании московского финансового инвестора - Global Development JSC. Об этом говорится в сообщении финучреждения. В сообщении отмечается: "ING сегодня объявил, что достиг соглашения о продаже своего бизнеса в России компании Global Development JSC, принадлежащей московскому фин…

Из России ушел один из иностранных банков, несколько лет готовившийся к выходу

ZN.UA Зеркало недели

One of the foreign banks, which had been preparing to exit for several years, left Russia

ING was one of the first Western banks to enter the Russian market after the collapse of the USSR; the bank started providing corporate services in 1993.

ING был одним из первых западных банков, зашедших на российский рынок после распада СССР; банк начал оказывать корпоративные услуги в 1993 году.

Крупнейший банк Нидерландов выходит из России

Korrespondent.net

The largest bank in the Netherlands withdraws from Russia

ING Groep, the largest Dutch banking group by assets, has agreed to sell its activities in Russia to a company owned by a Moscow financial investor. It is effectively ending all its activities on the Russian market. The bank announced this in a press release today. It did not disclose financial terms.

Největší nizozemská bankovní skupina podle aktiv ING Groep se dohodla na prodeji svých aktivit v Rusku firmě vlastněné moskevským finančním investorem. Fakticky tak ukončuje veškeré své aktivity na ruském trhu. Banka to dnes oznámila v tiskové zprávě. Finanční podmínky nezveřejnila.

Největší nizozemská banka ING končí v Rusku. Akcie prodá investorovi z Moskvy

iDNES.cz

Čestlice

Prague-East District

Central Bohemian Region

Czechia

The largest Dutch bank ING is closing down in Russia. It will sell shares to an investor from Moscow

(Reuters) -ING Groep, the largest Dutch bank by assets, said on Tuesday it had reached an agreement to sell its business in Russia to Global Development JSC, effectively ending all its activities in the Russian market. Under the agreement, the Russian firm, owned by a Moscow-based financial investor, will buy all shares of ING Bank (Eurasia) JSC with an intention to serve customers in the country under a new brand, ING said. It did not disclose …

WTVB

Midwest Communications

Dutch bank ING to sell Russian business to Global Development JSC

Dutch banking giant ING announced on Tuesday that it has finalized an agreement to sell its operations in Russia, a deal that marks the company's exit from the country after three decades, The Moscow Times writes. The bank…

Gigantul bancar olandez ING a anunțat marți că a finalizat un acord de vânzare a operațiunilor sale din Rusia, înțelegere care marchează ieșirea companiei din această țară după trei decenii, scrie The Moscow Times. Banca…

Banca olandeză ING părăsește piața din Rusia, după 30 de ani - HotNews.ro

Hot News

Romania

Dutch bank ING leaves Russian market after 30 years - HotNews.ro

The Dutch banking giant ING announced on Tuesday the sale of its activities in Russia to Global Development JSC, thus ending its presence in the Russian market. ...

Le géant bancaire néerlandais ING a annoncé mardi la vente de ses activités en Russie à Global Development JSC, mettant ainsi fin à sa présence sur le marché russe. ...

ING met fin à ses activités sur le marché russe

La Libre

Brussels

Belgium

ING terminates its activities on the Russian market

The Dutch banking group ING announced this Tuesday that it will finally sell its Russian subsidiary to an investor in Moscow, with a loss of 400 million euros, which will put an end to the presence of this entity in the territory of Russia three years after the large-scale invasion of Ukraine. ING has specified that it has reached an agreement to sell its business in that country to Global Development JSC, a Russian company owned by a Moscow-bas…

El grupo bancario neerlandés ING ha anunciado este martes que venderá finalmente su filial rusa a un inversor en Moscú, con una pérdida de 400 millones de euros, lo que pondrá fin a la presencia de esta entidad en el territorio de Rusia tres años después de la invasión a gran escala a Ucrania. ING ha especificado que ha llegado a un acuerdo para vender su negocio en ese país a Global Development JSC, una empresa rusa propiedad de un inversor fin…

ING finalizes sale of Russian unit to Global Development JSC

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