ENXTAM:INGABanks
ING’s Stalled Russia Exit Keeps Risk Questions Alive Despite Valuation Gap
ING Groep (ENXTAM:INGA) has ended its agreement to sell its Russian subsidiary, ING Bank (Eurasia) JSC.
The deal was terminated after the prospective buyer did not obtain the required regulatory approvals.
ING confirms it still intends to exit the Russian market and is reviewing alternative options.
For you as an investor, this update sits within ING's role as a large European banking group with corporate and retail activities across multiple markets. Since 2022, international banks with...