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ING Groep NV To Sell Custody Services in Seven European Countries to Citi

Thursday, 25 Apr 2013 08:00pm EDT 

ING Groep NV announced that it has reached an agreement to transfer its local custody services business in seven countries in Central and Eastern Europe to Citi, a provider of custody services. ING Bank will continue to offer a range of commercial banking products in the Central and Eastern Europe region. The transaction is not expected to have a material impact on ING's results and is expected to be completed in the second quarter of 2013 while the full migration of the clients business is expected to be finalised in the first quarter of 2014. 

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26 Nov 2014