ING Holds Talks With SocGen's Boursorama on Banking Services for French Customers
February 01 2022 - 2:48AM
Dow Jones News
By Jaime Llinares Taboada
ING Groep NV said Tuesday that it has entered into exclusive
talks with Societe Generale SA subsidiary Boursorama to offer
banking services to ING's retail customers in France.
The Dutch lender said that the exact scope of the deal remains
to be specified, and that it would concern daily banking, savings
and investment products.
ING said its retail lending portfolio wouldn't be part of the
deal, with mortgages continuing to be managed by ING.
The companies intend to reach a definitive deal in April at the
latest.
Write to Jaime Llinares Taboada at jaime.llinares@wsj.com;
@JaimeLlinaresT
(END) Dow Jones Newswires
February 01, 2022 02:33 ET (07:33 GMT)
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