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ING looking for acquisitions to grow in Germany, Italy and Spain, says CEO

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Dutch lender ING Groep is considering buying rival banks in major European countries to boost its size, the Chief Executive told Reuters, potentially joining a wave of takeovers that are sweeping the region's financial sector.
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ING's CEO, Steven van Rijswijk, has expressed interest in pursuing acquisitions to expand the bank's presence in Germany, Italy, and Spain, as reported by Reuters on February 3, 2025. Van Rijswijk highlighted that while ING is open to acquisitions, any deals would need to be strategically beneficial and not just for the sake of growth. He emphasized the importance of maintaining a strong balance sheet and capital position, indicating that any potential acquisition would be carefully evaluated to ensure it aligns with ING's long-term strategy and financial health. This approach comes as part of ING's broader strategy to strengthen its market position in key European regions amidst a competitive banking landscape.

Read the Full Reuters Article at:
[ https://www.reuters.com/business/finance/ing-ceo-weighs-acquisitions-grow-germany-italy-spain-2025-02-03/ ]
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