(IN BRIEF) ING has announced the sale of its Russian operations to Global Development JSC, marking its exit from the Russian market. The sale includes the transfer of all shares of ING Bank (Eurasia) JSC and its associated activities. Global … Read the full press release
Posted in Banks, Business, Economy, Financial, Government, Industrial, Investment, Management, Netherlands, News
Tagged book loss, CET1 ratio, CPRI cover, currency translation adjustment, due diligence, ECA, factoring, financial services, Global Development JSC, ING, ING Bank Eurasia, market exit, Moscow, offshore exposure, P&L impact, partnership, regulatory approval, RUSSIA, Russian clients, sale
(IN BRIEF) CA Personal Finance & Mobility has finalized its acquisition of a 50% stake in GAC Finance Leasing, now rebranded as Guangzhou GAC-Sofinco Finance Leasing. This move strengthens the partnership with GAC Group and enhances their leasing offerings in … Read the full press release
Posted in Automotive, Banks, Business, Economy, Financial, France, Government, Industrial, Investment, Management, News, Technology
Tagged 2023, AION, automotive financing, Automotive Group, CA Personal Finance & Mobility, CET1 ratio, Chinese market, CRÉDIT AGRICOLE GROUP, Crédit Agricole S.A., electric vehicle sector, electric vehicles, electrified vehicles, EV adoption, financial leasing, GAC Finance Leasing, GAC Group, GAC Motor, GAC Toyota, GAC-Honda, GAC-Sofinco AFC, GAC-Sofinco Leasing, Guangzhou GAC-Sofinco Finance Leasing, HYPTEC, joint venture, Leasing Solutions, operational leasing, partnership, regulatory approvals, reserved capital increase, Stéphane Priami, vehicle sales
(IN BRIEF) ING will pay €0.161 per share on 16 January 2025 as part of a €2.5 billion distribution package, which includes a €500 million cash payment based on 3,096 million ordinary shares. The distribution also features a share buyback … Read the full press release
Posted in Banks, Financial, Investment, Netherlands
Tagged CET1 ratio, Common Equity Tier 1, ING, ING website, Investor section, ordinary shares, Share Buyback Program, shareholder return
(IN BRIEF) ING Group has initiated a €2.5 billion share buyback program to enhance its Common Equity Tier 1 (CET1) ratio. The move follows ING’s aim to converge its CET1 ratio toward a target of approximately 12.5%, as announced earlier … Read the full press release
Posted in Banks, Financial, Investment, Netherlands
Tagged CET1 ratio, ECB, ING, ING Groep N.V., Market Abuse Regulation, share buyback programme, shares
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