source: https://bit.ly/2GswBI6
“However, the uncertain global macro situation in the last few years led to ING deciding not to expand the activities to other countries, which meant that the retail operations in the Philippines had to be re-assessed for its scalability as a standalone business,” ING Bank added. Still, ING Bank said it will retain its wholesale banking business and global shared services operations in the Philippines.
ING Bank has been operating in the Philippines as a wholesale lender since 1990 and entered the retail banking business in late 2018. It launched an all-digital savings bank platform in early 2019. ING Bank was the 32nd biggest commercial lender in the country in asset terms with P31.46 billion at end-2021.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Malaysia Malaysia Latest News, Malaysia Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
ING leaving Philippine retail banking market before end-2022Dutch multinational bank ING said that the situation of the global economy since their entry to the Philippine retail banking market in 2018 led to its decision to close retail operations in the country before the end of 2022. READ: Goodbye ING. Hindi man lang kita nagamit. Kakasign ko pa lang. 😩
Source: rapplerdotcom - 🏆 4. / 86 Read more »
PHL growth outlook buoyed by reopening, gov’t investment plans; food inflation a drag - BusinessWorld OnlineThe growth outlook for the Philippines has improved due to the reopening of the economy and the incoming government’s apparent commitment to significant investment, but food inflation threatens to dampen the recovery, analysts said. READ:
Source: bworldph - 🏆 9. / 68 Read more »
ING leaving Philippine retail banking market before end-2022Dutch multinational bank ING said that the situation of the global economy since their entry to the Philippine retail banking market in 2018 led to its decision to close retail operations in the country before the end of 2022. READ: Goodbye ING. Hindi man lang kita nagamit. Kakasign ko pa lang. 😩
Source: rapplerdotcom - 🏆 4. / 86 Read more »