News

ING backs Greece bail-out package

On 21 July 2011, EU leaders announced plans for a €109 billion emergency package to assist Greece in curbing their debt crisis. Along with naming contributions from EU emergency funds, this package also counts on additional participation from the European financial sector, including ING.

Background to the EBA bank stress tests

Today, 15 July 2011, the European Banking Authority (EBA) published the results of the second round of stress tests. The first round was conducted in 2010 by the EBA’s predecessor, the Committee of European Banking Supervisors (CEBS). The tests assessed the resilience of European banks to adverse market developments and tested their solvency levels under hypothetical stress events.

ING Bank comfortably passes EBA stress test

ING Bank was subject to the 2011 EU-wide stress test conducted by the European Banking Authority (EBA), in cooperation with De Nederlandsche Bank (DNB), the European Central Bank (ECB), the European Commission (EC) and the European Systemic Risk Board (ESRB).

ING to sell ING Car Lease to BMW

ING announced today that it has reached an agreement to sell ING Car Lease for an expected total consideration of EUR 700 million to BMW Group fleet management division Alphabet.

ING completes divestment of Clarion Real Estate Securities

ING announced today that it has completed the sale of Clarion Real Estate Securities (CRES), ING’s US-based manager of listed real estate securities, as well as the sale of ING’s equity interests in funds managed by CRES, to CB Richard Ellis Group, Inc., a leading global commercial real estate services firm.

ING reviews position of ING Car Lease

Background to the sale of ING DIRECT USA

ING announced on 16 June 2011 that it has reached an agreement to sell ING Direct USA for a total consideration of USD 9.0 billion (EUR 6.3 billion at current exchange rates) to Capital One Financial Corporation, a leading US-based financial holding company.

ING to sell ING Direct USA to Capital One

ING CEO Jan Hommen to speak at Goldman Sachs Conference

ING completes divestment of Clarion Partners