ING to transfer Retail Banking operations, staff and customers in
Austria to bank99
ING to
transfer Retail Banking
operations, staff and
customers in Austria to
bank99
ING announced today it has reached an agreement to transfer
ING’s Retail Banking operations in Austria to bank99, the bank of
Österreichische Post, the Austrian postal services. The agreement
follows a review of strategic options for ING’s Retail Banking
operations in Austria as announced in March 2021. ING will retain
its Wholesale Banking activities in Austria.
Bank99 was launched in 2020 and currently offers online banking
to 80,000 customers. As announced in March, ING has discontinued
its savings-only offering in Austria. The approximately 150,000
customers with current accounts, mortgages or consumer loans will
be onboarded with bank99, which will also acquire all Retail staff
and assets. This process will start in the coming months and is
expected to be finalised in the last quarter of 2021.
“We are happy that in bank99 we have found a partner that offers
a new home to our Retail customers in Austria. Bank99 is focused on
digital banking and therefore our customers will enjoy easy to use
banking services,” said Aris Bogdaneris, head of Retail Banking and
Challengers & Growth Markets and member of ING’s Management
Board Banking.
The agreement announced today is subject to approval by relevant
regulators.
Note for editors
For further information on ING, please visit www.ing.com.
Frequent news updates can be found in the Newsroom or via the
@ING_news Twitter 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 |
Raymond
Vermeulen |
|
ING Group
Investor Relations |
+31 20 576 63
69 |
|
+31 20 576 63
96 |
Raymond.Vermeulen@ing.com |
|
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. ING ranks first in our market-cap group by
Sustainalytics as of July 2020. ING's ESG rating by MSCI was
upgraded to 'AA' in December 2020. 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 diff er materially from those
expressed or implied in such statements. Actual results,
performance or events may diff er materially from those in such
statements due to a number of factors, including, without
limitation: (1) changes in general economic conditions and
customer behaviour, in particular economic conditions in ING’s core
markets, including changes affecting currency exchange rates,
(2) the effects of the Covid-19 pandemic and related response
measures, including lockdowns and travel restrictions, on economic
conditions in countries in which ING operates, on ING’s business
and operations and on ING’s employees, customers and
counterparties, (3) changes affecting interest rate levels,
(4) any default of a major market participant and related
market disruption, (5) changes in performance of financial
markets, including in Europe and developing markets,
(6) political instability and fiscal uncertainty in Europe and
the United States, (7) discontinuation of or changes in
‘benchmark’ indices, (8) inflation and deflation in our
principal markets, (9) changes in conditions in the credit and
capital markets generally, including changes in borrower and
counterparty creditworthiness, (10) failures of banks falling
under the scope of state compensation schemes,
(11) non-compliance with or changes in laws and regulations,
including those concerning financial services, financial economic
crimes and tax laws, and the interpretation and application
thereof, (12) geopolitical risks, political instabilities and
policies and actions of governmental and regulatory authorities,
(13) legal and regulatory risks in certain countries with less
developed legal and regulatory frameworks, (14) prudential
supervision and regulations, including in relation to stress tests
and regulatory restrictions on dividends and distributions,, (also
among members of the group), (15) regulatory consequences of
the United Kingdom’s withdrawal from the European Union, including
authorizations and equivalence decisions, (16) ING’s ability
to meet minimum capital and other prudential regulatory
requirements, (17) changes in regulation of US commodities and
derivatives businesses of ING and its customers,
(18) application of bank recovery and resolution regimes,
including write-down and conversion powers in relation to our
securities, (19) outcome of current and future litigation,
enforcement proceedings, investigations or other regulatory
actions, including claims by customers who feel mislead and other
conduct issues, (20) changes in tax laws and regulations and
risks of non-compliance or investigation in connection with tax
laws, including FATCA, (21) operational risks, such as system
disruptions or failures, breaches of security, cyber-attacks, human
error, changes in operational practices or inadequate controls
including in respect of third parties with which we do business,
(22) risks and challenges related to cybercrime including the
effects of cyber-attacks and changes in legislation and regulation
related to cybersecurity and data privacy, (23) changes in
general competitive factors, including ability to increase or
maintain market share, (24) the inability to protect our
intellectual property and infringement claims by third parties,
(25) inability of counterparties to meet financial obligations
or ability to enforce rights against such counterparties,
(26) changes in credit ratings, (27) business,
operational, regulatory, reputation and other risks and challenges
in connection with climate change, (28) inability to attract
and retain key personnel, (29) future liabilities under defined
benefit retirement plans, (30) failure to manage business
risks, including in connection with use of models, use of
derivatives, or maintaining appropriate policies and guidelines,
(31) changes in capital and credit markets, including
interbank funding, as well as customer deposits, which provide the
liquidity and capital required to fund our operations and
(32) the other risks and uncertainties detailed in the most
recent annual report of ING Groep N.V., (including the Risk Factors
contained therein) and ING’s more recent disclosures,
including press releases, which are available on www.ING.com.
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
document. 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 publication 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 off er to sell, or a
solicitation of an off er to purchase, any securities in the United
States or any other jurisdiction.
- PDF version of press release
ING Groep NV (BIT:1INGA)
Historical Stock Chart
Von Feb 2024 bis Mär 2024
ING Groep NV (BIT:1INGA)
Historical Stock Chart
Von Mär 2023 bis Mär 2024