ING Terminates Sale Agreement for Russian Bank

Written by Emily J. Thompson, Senior Investment Analyst

Source: seekingalpha

Updated: Apr 07 2026

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ING-0.21%

Should l Buy ING?

Source: seekingalpha

Agreement Termination: ING announced the termination of its sale agreement with Global Development JSC due to the buyer's inability to secure necessary approvals, indicating the company's complete withdrawal from the Russian market and its focus on ceasing operations there.
Financial Impact: The termination is expected to have a negative impact of approximately 7 basis points on the CET1 ratio, highlighting the financial pressures the company faces as it exits the Russian market.
Business Reduction: Since February 2022, ING has not engaged in new business with Russian clients and has significantly scaled down operations, taking steps to separate its Russian business from ING's networks and systems, demonstrating a strong emphasis on risk management.
Offshore Risk Mitigation: ING plans to further reduce offshore exposure to Russian clients, with this exposure decreasing by nearly 90% to €0.6 billion by the end of 2025, of which €0.3 billion is covered under ECA or CPRI, reflecting the company's global risk control strategy.

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About ING

ING Groep N.V. (ING) is a financial institution. The Company offers banking services. The Company's segments include Retail Netherlands, which offers current and savings accounts, business lending, mortgages and other consumer lending in the Netherlands; Retail Belgium, which offers products that are similar to those in the Netherlands; Retail Germany, which offers current and savings accounts, mortgages and other customer lending; Retail Other, which offers products that are similar to those in the Netherlands, and Wholesale Banking, which offers wholesale banking activities (a full range of products from cash management to corporate finance), real estate and lease. The Company's Retail Banking business lines provide products and services to individuals, small and medium-sized enterprises (SMEs) and mid-corporates. ING's banking activities in Australia are undertaken by ING Bank (Australia) Limited (trading as ING Direct) and ING Bank NV Sydney Branch.

About the author

Emily J. Thompson

Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.

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