ING Groep to sell Russian business to Global Development JSC
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ING Groep has agreed to sell its Russian business to Global Development JSC, marking its exit from the Russian market.
January 28, 2025 | 7:15 am
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ING Groep is selling its Russian business to Global Development JSC, which signifies its complete exit from the Russian market.
The sale of its Russian business allows ING Groep to exit a challenging market, potentially improving its focus on more profitable regions. This strategic move could be viewed positively by investors, leading to a short-term positive impact on its stock price.
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