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Last $16.95 USD
Change Today -0.03 / -0.18%
Volume 2.6M
ING On Other Exchanges
EN Amsterdam
As of 8:04 PM 07/30/15 All times are local (Market data is delayed by at least 15 minutes).

ing groep n.v.-sponsored adr (ING) Key Developments

HSBC Reportedly To Sell Its Turkish business To ING

HSBC Holdings plc (LSE:HSBA) is set to agree to sell its Turkish business to ING Groep N.V. (ENXTAM:INGA) for around $700 million-$750 million in the next few days, two people familiar with the matter told Reuters. "The deal is imminent. It may be finalized in the next few days," said one of the people, both of whom declined to be identified because the information is not yet public. "The final price is likely to be set at around $700-$750 million." Both HSBC and ING declined to comment.

ING Groep N.V.(NYSE:IDG.CL) dropped from S&P Preferred Stock Index

ING Groep N.V.(NYSE:IDG.CL) dropped from S&P Preferred Stock Index

ING Set To Win Auction For HSBC's Turkish Bank

ING Groep N.V. (ENXTAM:INGA) is set to win the auction to buy the Turkish business of HSBC Holdings plc (LSE:HSBA), people familiar with the matter said. Four people familiar with the situation said HSBC had narrowed down the field to one suitor, and two of the sources said that was ING, though they added a deal had yet to be finalised.

ING Americas Appoints Ernie Zayicek as Head of Insurance North America

ING Americas announced the hire of Ernie Zayicek as a Director, leading the coverage of North American insurance companies. Zayicek will report to Nick Smit, Head of Financial Institutions North America. He will focus on transactions for ING's North American insurance clients. Zayicek brings to ING extensive transactional experience focused on the insurance industry, joining from Nomura Securities International, where he was an Executive Director in the Financial Institutions Group responsible for coverage of the insurance and reinsurance sectors.

Ing Group Appoints Benoit Legrand as Head of FinTech, Effective October 1, 2015

ING Group has appointed Benoit Legrand as the Bank's new Head of FinTech. Benoit will be responsible for developing ING's strategy towards innovative financial technology companies. Benoit, who is currently CEO of ING France, will start this new role within the Chief Innovation Office on 1 October and will report to Brunon Bartkiewicz, Chief Innovation Officer of ING.


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Valuation ING Industry Range
Price/Earnings 19.0x
Price/Sales 4.2x
Price/Book 1.1x
Price/Cash Flow 12.3x
TEV/Sales NM Not Meaningful

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