Brief: ING Invests In Spanish Wealth Manager Singular Bank

ING Groep

06/07/2026 06:38

July 6 (Reuters) - ING Groep NV INGA.AS:
ING ACCELERATES GROWTH IN PRIVATE BANKING WITH STRATEGIC INVESTMENT IN LEADING SPANISH WEALTH MANAGER SINGULAR BANK
STRATEGIC INVESTMENT IN LEADING SPANISH WEALTH MANAGER SINGULAR BANK
CLOSING OF DEAL EXPECTED IN Q1 2027
NON-CONTROLLING STAKE IN SINGULAR BANK EXPECTED TO BE 40%
ACQUIRING A STAKE OF APPROXIMATELY 40% IN LEADING SPANISH WEALTH MANAGER SINGULAR BANK.
DEAL EXPECTED TO HAVE MINIMAL IMPACT ON ING CET1 RATIO
ING ACQUIRES STAKE FROM WARBURG PINCUS, CURRENTLY HOLDING 93% OF SHARES IN SINGULAR BANK
SINGULAR BANK IS A LEADING INDEPENDENT SPANISH PRIVATE BANK WITH AROUND EUR 19 BILLION OF CLIENTS' INVESTED ASSETS
AFTER TRANSACTION, SINGULAR BANK WILL CONTINUE TO OPERATE AS AN INDEPENDENT ENTITY IN SPANISH PRIVATE BANKING MARKET
Source text: ID:nGNX8d5vy2
Further company coverage: INGA.AS

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