ING Group (ING) Friday said it has agreed to sell ING Hipotecaria, its mortgage business in Mexico, to Banco Santander (México) S.A.
The deal is according to ING's earlier announced process to divest its insurance and investment management businesses. ING Hipotecaria is a domestic Mexican mortgage business serving about 28,000 customers through its 20 branches.
The transaction is not expected to have a material impact on ING Group results. The deal is expected to close in the second half of 2013.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.