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| Press release

ING completes sale of ING Life Korea to MBK Partners

ING announced today that it has completed the divestment of ING Life Korea to MBK Partners, a Korean private equity firm, for a total purchase price of approximately EUR 1.27 billion.
2013 Global Challenge Total Funds Rise
| Sustainability

2013 Global Challenge Total Funds Rise

The ING Chances for Children Global Challenge 2013 closed on Friday 29 November with a noteworthy rise in the total funds raised despite the fact that this year’s event coincided with the campaign to raise disaster relief funds for the Philippines.
Continuous support for Italian renewables
| Sustainability

Continuous support for Italian renewables

Another successful wind energy financing deal was sealed this winter by the Milan Structured Finance team and the Utilities, Power and Renewables team in Amsterdam for the Fri El S.Agata 72 MW wind plant in Italy.
Successful ING Business Course 2013
| People

Successful ING Business Course 2013

The annual ING Business Course was held from 4 to 6 December, with thirty master’s students in eager attendance.
| Press release

ING publishes historical trend data adjusted for upcoming changes in the ING Insurance reporting structure

As previously announced, and in the context of the preparations of ING Insurance to become a stand-alone company through a base case Initial Public Offering (IPO), ING Insurance will change its reporting segmentation starting per the fourth quarter of 2013. The new reporting segmentation better aligns the businesses of ING Insurance with their governance and internal management.
| Press release

ING completes transaction with Larragoiti family to reduce stake in SulAmérica

ING announced today that it has completed a transaction to reduce its stake in Brazilian insurance holding Sul América S.A., as previously announced on 28 February 2013.
| Sustainability

ING’s standpoint on banking sector’s transparency on lobbying activities

On 17 December 2013 SOMO published its report on the transparency of banks’ lobbying activities. In its report SOMO notes that ING provides relatively high transparency on its lobbying activities and its role in regulatory development.
| Press release

ING and Dutch State complete agreement for unwinding of IABF

ING announced today that it has completed the agreement with the Dutch State on the unwinding of the Illiquid Assets Back-up Facility (IABF) as announced on 1 November 2013. The IABF in its original form is now terminated and all regular guarantee fee payments have been settled.
| Press release

ING Bank reports outcome EU-wide Transparency Exercise 2013

ING Bank notes the announcements made today by the European Banking Authority (EBA) and De Nederlandsche Bank (DNB) regarding the information of the EU-wide Transparency Exercise 2013 and fulfillment of the EBA Board of Supervisors decision.
Of course we can raise the buffers, but at what price?
| Banking

Of course we can raise the buffers, but at what price?

Comparison between banks and “ordinary” business is often made, but it is nonsensical
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