(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
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