ING to Review Strategic Options for French Retail Banking Business
17 June 2021 - 10:40PM
Dow Jones News
By Adria Calatayud
ING Groep NV said Thursday that it is reviewing strategic
options for its retail-banking business in France, having taken
steps to streamline its retail-banking portfolio this year.
The Dutch lender said the review is focused on its
retail-banking operations and not on its wholesale-banking
activities in France.
ING has been active in retail banking in France since 2000 and
currently serves around 1 million customers, offering current
accounts, mortgages, consumer lending and investment products. It
employs around 700 people in the country, of which two-thirds work
in retail banking.
Earlier this year, the bank outlined plans to exit its
retail-banking operations in Austria and the Czech Republic.
Write to Adria Calatayud at adria.calatayud@dowjones.com
(END) Dow Jones Newswires
June 17, 2021 08:25 ET (12:25 GMT)
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