ING Transferring Austrian Retail Banking Operations to Bank99
July 12 2021 - 5:37PM
Dow Jones News
By Stephen Nakrosis
ING Groep NV on Monday said it reached an agreement to transfer
its retail banking operations in Austria to bank99, the bank of
Austria's postal services.
ING said the transfer includes retail banking operations, staff
and customers. The process is expected to be finalized in the last
quarter of this year, ING said.
The company also said it would retain its wholesale banking
activities in the country.
ING previously announced it was conducting a strategic review of
its retail banking operations in Austria.
-Write to Stephen Nakrosis at stephen.nakrosis@wsj.com
(END) Dow Jones Newswires
July 12, 2021 17:34 ET (21:34 GMT)
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