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ING Groep NV (ING.AS)

ING.AS on Amsterdam Stock Exchange

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20 Jul 2016
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Latest Key Developments (Source: Significant Developments)

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

ING Groep to sell 40 million shares in NN Group
Wednesday, 30 Sep 2015 11:36am EDT 

ING Groep NV:To sell 40 million shares in NN Group.As part of transaction, NN group has stated its intention to repurchase NN group ordinary shares from ING Group for an aggregate amount of 150 million euros ($167.49 million).ING Group's stake in NN Group's outstanding capital is expected to decrease to approximately 25.8 pct from its current 37.1 pct.Book is open with immediate effect and expected to close ultimately by 17:30 CET on 1 October 2015.  Full Article

ING Groep acquires loyalty platform Qustomer
Monday, 7 Sep 2015 01:33am EDT 

ING Groep NV:ING acquires Belgian digital loyalty platform Qustomer.Qustomer was founded in 2012 and has more than 800,000 users in Belgium already using card with over 1000 retailers throughout the country.Qustomer allows users to collect and redeem loyalty points from shops and other retail outlets.  Full Article

ING Groep declares H1 2015 interim cash dividend
Wednesday, 5 Aug 2015 12:59am EDT 

ING Groep NV:Declares H1 2015 interim cash dividend of 0.24 euros per ordinary share.  Full Article

ING Groep exchanges 337.5 mln euros notes of NN Anchor investors into NN Group shares
Wednesday, 10 Jun 2015 02:28am EDT 

ING Groep NV:Exchanges 337.5 million euros notes of NN Anchor investors into NN Group shares.Will exchange second tranche of 337.5 million euros of mandatory exchangeable subordinated notes into 13.6 million NN Group ordinary shares.This transaction will reduce ING'S remaining stake in NN Group from 42.4 pct to 38.2 pct.For this second tranche, exchange price was set at a 3 pct discount to NN Group closing price on June 4, 2015, resulting in an exchange price of 24.78 euros per share.Third and final tranche will be exchanged at discretion of ING Group before end of 2016.  Full Article

ING Groep announces signing of MoU with Kotak Mahindra Bank
Friday, 5 Jun 2015 09:38am EDT 

ING Groep NV:Signs Memorandum of Understanding (MoU) for cross border business with Kotak Mahindra Bank Ltd for cross border business.Both institutions will cooperate and explore opportunities arising from cross border business, investment and trade flows across Benelux.  Full Article

ING Groep NV reduces stake in NN Group to 42.4 percent
Tuesday, 26 May 2015 05:00pm EDT 

ING Groep NV:NN Group announces that ING Group has agreed to sell 45 million shares of NN Group at a price of 25.46 euros per share net of commissions.The transaction reduces ING Group`s stake in NN Group from 54.8 percent to 42.4 percent. NN Group will not receive any proceeds from the offering.The shares were offered by way of an accelerated book building offering to institutional investors. As part of this transaction, NN Group repurchased 5.9 million ordinary shares from ING Group at 25.46 euros per share for a total amount of 150 million euros.As of the settlement of the transaction, the remaining shares in NN Group held by ING Group will be subject to a lock-up period of 90 days (subject to certain customary exceptions).The transaction is expected to settle on 29 May 2015.  Full Article

ING buys 57 mln euros of new NN Group shares to boost insurer's capital
Thursday, 21 May 2015 01:30am EDT 

NN Group NV:ING Group has made a capital injection of 57 million euros into NN group by subscribing for newly issued shares for an aggregate amount of 57 million euros.Decision requires ING group to create a competitive bank in Netherlands separate from ING group.Following capital injection, ING Group's stake in NN group has increased slightly to 54.8 pct.ING Group injects 57 million euros in NN Group to the benefit of NN Bank to fulfil EC commitment on capitalisation of NN bank.Has through ING Bank provided a 63 million euros additional tier 1 capital facility to NN Bank to fulfill a commitment to European Commission (EC) pertaining to capitalisation of NN Bank.Capital injection against issuance of 2,178,899 ordinary shares in NN Group reflecting a price per share of 26.16 euros.Shares acquired are not subject to a lock-up NN Group's dividend policy remains unchanged.As announced previously, ING Group intends to divest its remaining stake in NN Group over time, in line with its strategy to divest all of its insurance and investment management businesses.  Full Article

ING Groep will issue $2.25 billion Additional Tier 1 securities
Thursday, 9 Apr 2015 05:25pm EDT 

ING Groep NV:To issue $2.25 billion of USD denominated Perpetual Additional Tier 1 Contingent Convertible Capital Securities.This comprises two separate tranches: a $1.0 billion Perpetual Non-Callable 5 Year with coupon 6.00 pct; and a $1.25 billion Perpetual Non-Callable 10 Year with coupon 6.50 pct.Securities will be subject to full conversion into ordinary shares of ING Group in the event ING Group`s phased-in CET 1 ratio would fall below 7.0 pct.  Full Article

MOVES-Arkus to join ING to head UK FIG

LONDON, July 11 (IFR) - Gregory Arkus is to join ING as head of financial institutions for the UK region, the Dutch bank said in a statement.