ING News

ING, AXA Form Digital Bancassurance Partnership, Offering Cover in 6 Countries

ING and AXA announced a long term and exclusive, multi-country bancassurance partnership to provide insurance products and related services through a central digital insurance platform. Under the partnership, ING will provide its leading digital banking experience and AXA its expertise …

ING to Stop Lending to Utilities That Use Coal for More than 5% of Energy

ING by the end of 2025 will stop funding any utility company which relies on coal for more than 5 percent of its energy, the Dutch bank said on Tuesday. It will, however, continue to help companies with renewable energy …

ING Completes Exit From Former Insurer Unit, NN Group, with $1.6B Stock Sale

ING Groep NV sold its remaining stake in NN Group NV at a loss as the Dutch bank completed its drawn-out exit from the insurance business. The bank sold 45.7 million shares, representing a 14.1 percent stake, for about 1.4 …

Dutch Insurer NN Eyes Growth Through Acquisitions

NN Group NV, the Dutch insurer and asset manager spun out of ING Groep NV, is ready to expand and will consider acquisitions amid speculation that it could seek to acquire Delta Lloyd NV. Delta Lloyd’s shares soared. “If we …

ING to Sell $1.3 Billion of Shares in Insurer NN Group to Institutional Investors

ING Groep NV is selling a 1.2 billion-euro ($1.3 billion) stake in insurer NN Group NV as it seeks to exit the company by the end of next year. ING is selling 45 million shares of NN to institutional investors, …

AIG Acquires Controlling Stake in ING Employee Benefits Global Network

American International Group Inc. has acquired a controlling stake in ING Employee Benefits Global Network and renamed it AIG Global Benefits Network. The network is based in Belgium. The network’s minority shareholders are Nationale-Nederlanden in the Netherlands and France’s Malakoff …

ING’s First-Quarter Net Profit Rises 43% to $1.4 Billion

ING Groep NV, the biggest Dutch financial-services company, said first-quarter profit rose 43 percent amid a boost from lending and commissions. Underlying net profit rose to 1.19 billion euros ($1.4 billion) from 830 million euros a year earlier, Amsterdam-based ING …

ING Plans $2 Billion Sale of Voya Stock to End Investment in U.S. Insurer

ING Groep NV, the biggest Dutch bank, said it will sell its remaining 19 percent stake in Voya Financial Inc., completing its slow-motion exit from its former U.S. insurance unit. Voya will repurchase $600 million of its shares in connection …

ING to Sell $1.2 Billion Stake in NN Group in Stock Offering

ING Groep NV, the biggest Dutch financial services company, is cutting its stake in NN Group NV by selling shares worth about 1.06 billion euros ($1.21 billion). ING is offering about 43 million shares in NN Group in a sale …

ING Rises on Plan to Resume Dividend as Profit Misses Q4 Estimates

ING Groep NV rose in Amsterdam trading after the lender said it will pay a dividend for the first time in almost seven years even as profit from its banking activities fell missing fourth-quarter estimates. ING rose as much as …