Dutch bank ING Groep N.V.(ING,INGA.AS,INN1.DE,1INGA.MI) announced on Friday that it has cut its stake in Thailand's TMBThanachart Bank or TTB to 19.5 percent from 23.1 percent by participating in the lender's share buyback program.
The company received gross proceeds of about 243 million euros from the transaction, based on current exchange rates. ING said it did not expect the transaction to have a material impact on its profit and loss account, shareholders' equity or capital ratios.
The Group acquired its stake after TMB Bank merged with Thanachart Bank to form TMBThanachart Bank.
In pre market activity on NYSE, shares of ING were up 0.84 percent, changing hands at $29.93, after closing Thursday's regular session 3.38 percent higher.
For comments and feedback contact: editorial@rttnews.com
Business News
June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.