ING Groep NV (ING.AS) Key Developments | Reuters.com
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ING Groep NV (ING.AS)

ING.AS on Amsterdam Stock Exchange

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29 Jun 2016
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Latest Key Developments (Source: Significant Developments)

Erste Bank Hungary buys 2.3 pct stake in Budapest bourse
Tuesday, 31 May 2016 04:12am EDT 

Erste Bank Hungary : To buy 2.3 percent stake in Budapest Stock Exchange from local unit of ING Bank Further company coverage: [ERST.VI] [ING.AS] (Reporting by Gergely Szakacs) ((gergely.szakacs@tr.com; +36 1 327 4748; Reuters Messaging: gergely.szakacs.thomsonreuters.com@reuters.net)).  Full Article

ING Groep Q1 underlying net result down at 842 million euros
Tuesday, 10 May 2016 01:11am EDT 

ING Groep NV : Q1 underlying net result 842 million euros ($957.52 million) . Q1 underlying pre-tax result 1,186 million euros; or 1,682 million euros before 496 million euros of regulatory costs in quarter . Q1 net result 1,257 million euros (0.32 euro per share) including profit on sales of NN Group shares in January . Ended quarter with a strong fully-loaded CET1 ratio of 12.9 pct, excluding first-quarter net profit and impact of NN share sale in April .ING Bank attracted 8.8 billion euros of net customer deposits and recorded 7.1 billion euros of net core lending growth in Q1.  Full Article

ING Groep to sell remaining shares in NN Group
Thursday, 14 Apr 2016 11:40am EDT 

ING Groep NV:ING to sell remaining shares in NN Group.To sell its remaining 45.7 million ordinary shares in NN Group.Ordinary shares will be sold by way of an accelerated book building offering to institutional investors.Sale of ING's 14.1 pct stake is final transaction in ING's programme to divest all of its insurance and investment management businesses.Offer price will be determined at conclusion of book building process.Book is open with immediate effect and is expected to close ultimately by 17:30 CET on April 15, 2016.Credit Suisse, ING Bank, JP Morgan and UBS are acting as joint global coordinators for offering.Transaction is expected to settle on April 19, 2016.  Full Article

ING Groep to be included in the BEL 20 index
Friday, 4 Mar 2016 11:40am EST 

Euronext NV:Announces yearly review of the BEL 20, BEL Mid and BEL small indices.Galapagos NV, ING Groep NV and Ontex Group NV to be included in the BEL 20.Befimmo SA, Delta Lloyd NV and D'Ieteren SA to be removed from the BEL 20.Befimmo, D'Ieteren and Leasinvest Real Estate CVA to be included in the BEL Mid index.Ascencio SCA, Galapagos and Ontex Group to be removed from the BEL Mid.Leasinvest and Viohalco SA to be removed from the BEL Small index.Changes will be effective as of March 21, 2016.  Full Article

ING Group NV’s stake in NN Group falls below 15 pct
Thursday, 28 Jan 2016 02:00am EST 

NN Group NV:ING transaction will reduce ING's remaining stake in NN group from 16.2 pct to 14.1 pct of outstanding shares.‍As ING's holding drop below 15 pct, appointment of Dick Harryvan, Robert Jenkins as members of NN's supervisory board will become effective.  Full Article

ING Groep ‍amends accounting approach for NN group anchor investment transaction​
Monday, 11 Jan 2016 01:00am EST 

ING Groep NV:Amends accounting approach for NN group anchor investment transaction​.‍Change refers only to accounting for pre-IPO anchor investments in NN group.‍1 billion euro write-off now recognized at 2015 deconsolidation instead of at 2014 IPO​​.‍Amendment has no impact on ongoing operating results, capital or dividend plans.  Full Article

ING Groep to sell 33 million shares in NN Group
Tuesday, 5 Jan 2016 11:32am EST 

ING Groep NV:Is to sell 33 million shares in NN Group NV with its stake in NN Group's outstanding capital expected to decrease to 16.2 pct from 25.8 pct​.‍As part of transaction, NN Group has stated its intention to repurchase NN Group ordinary shares from ING Group for an aggregate amount of 250 million euros ($268.2 million).‍Book is open with immediate effect and is expected to close ultimately by 17:30 CET on Jan. 6, 2016.‍BofA Merrill Lynch, Deutsche Bank, ING Bank and JP Morgan are acting as joint global coordinators for the offering.  Full Article

ING Groep NV announces private placement of common shares
Monday, 21 Dec 2015 12:29am EST 

ING Groep NV:To issue 7,462,683 shares of common stock through private placement, with par value of 500 won per share, for debt-equity swap.Sets issue price at 603 won per share, to raise proceeds of 4,499,997,849 won for operations.Says listing date of Jan. 7 for the new shares.  Full Article

ING Groep to start strategic partnership and launch pilot with fintech Kabbage
Wednesday, 21 Oct 2015 12:01pm EDT 

ING Groep NV:ING to start strategic partnership and launch pilot with fintech Kabbage.As part of partnership, ING and Kabbage will start a pilot in Spain, offering small and medium enterprises loans up to 100,000 euros.  Full Article

ING Groep takes equity stake in US based fintech company Kabbage
Wednesday, 14 Oct 2015 05:00am EDT 

ING Groep NV:Says to have taken an equity stake in US based fintech company Kabbage, a technology and data platform powering automated lending to SMES.Investment is part of a financing round in which Kabbage raised $135 million of capital.  Full Article

BUZZ-KBC and ING: Goldman Sachs upgrade boost stocks

** Lenders KBC Groep and ING Groep up 2.7 pct and 1.6 pct respectively after Goldman Sachs talks up Benelux banks