ING Conducting Strategic Review Of Its French Retail Banking Business - Quick Facts

Dutch financial services firm ING Group (ING) announced Thursday 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.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
Sturtevant, Wisconsin-based BRP U.S. Inc. is recalling around 20 models of Side-by-Side vehicles citing fire risk, the U.S. Consumer Product Safety Commission. The recall involves about 34,400 units of Model Years 2020 and 2021 Can-AM Defender HD10 side-by-side vehicles. While reporting financial results for the second quarter on Friday, technology company Honeywell international Inc. (HON) raised its adjusted earnings and sales guidance for the full-year 2021, based on the second-quarter performance and management's outlook for the remainder of the year. For fiscal... Shares of Vodafone Group Plc were gaining around 2 percent in the morning trading in London after the British telecom major reported higher revenues in its first quarter. Looking ahead, the company said it is on track to deliver fiscal year 2022 guidance, with Adjusted EBITDAaL expected to be between 15.0 billion euros - 15.4 billion euros and Adjusted free cash flow of at least 5.2 billion euros
Follow RTT