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  1. Deutsche exit leaves ING poised for Bank of Beijing stake

    Posted Feb 11th 2005, 12:00am by Staff Reporter

    ... Nichole Chan Deutsche Bank had suspended efforts to buy a stake in mid-tier lender Bank of Beijing, a source said yesterday. The pull-out would leave Dutch rival ING favourably placed ... said Deutsche Bank had completed its due diligence on the bank but declined to disclose why the bank had left the negotiations. Beijing financial journal Caijing recently reported that ING ...

  2. Business - China Business

    Business Digest, November 8, 2012

    Posted Nov 08th 2012, 12:00am by STAFF, AGENCIES

    ... on speculation the firm would benefit from the new measures supporting clean-energy vehicles in China. BYD shares finished up 10.63 per cent at HK$19.36. Jeanny Yu   ING, Commerzbank set to cut jobs ING, the biggest Dutch financial-services company, will cut 2,350 jobs in its banking and insurance units after a 64 per cent slump in third-quarter profit. Net income dropped to €609 million (HK$6 ...

  3. Business - Banking & Finance

    ING Group sells Hong Kong, Macau, Thai insurance units to Richard Li

    Posted Oct 19th 2012, 01:41pm by Lulu Chen and Bloomberg

    ... (HK$16.59 billion), as the Dutch banking group scrambles to meet improve liquidity and capital adequacy ratios. The deal, estimated at nine times estimated book value, is expected to bring ING ... 270,000 customers. In Thailand, ING has about 480 employees and more than 4,000 tied agents. Earlier this month, the Dutch bank agreed to sell its Malaysian insurance business to Hong Kong-based ...

  4. From strength to strength

    Posted Aug 08th 2011, 12:00am

    ... Enoch Yiu enoch.yiu@scmp.com Dutch lender ING's Asia operation expects robust economic growth and increasing cross-border investments in its region, and hopes to maintain its strong annual revenue growth in the medium term. Vaughn Richtor, chief executive of ING's banking in Asia, said the lender had achieved an annual revenue growth of 20 per cent to 25 per cent over ...

  5. Dutch coach happy to bank on 'odd couple'

    Posted Aug 01st 2008, 12:00am by Alvin Sallay

    ... Alvin Sallay They are the odd couple. But no one can accuse Ryan Babel and Roy Makaay of being mismatched on the field, much to the delight of Dutch Olympic coach Foppe de Haan. ... on the opening night of the ING Cup. The 21-year-old Babel and veteran Makaay, 33, each scored a goal and set up each other's goal, as the Netherlands showed a glimpse of their Olympic medal ...

  6. Business - Banking & Finance

    AIA, Manulife lead the charge for ING's Southeast Asian assets: sources

    Posted Aug 29th 2012, 02:06pm

    ... Denny Thomas INSURANCE ING is exploring a separate sale of its roughly US$1 billion Hong Kong insurance business, sources said, a move that could further complicate the auction of its Asian operations. The Dutch insurer is selling its Asia divisions to repay a 2008 government bailout. It failed to secure a single buyer for the entire Asian group, valued at about US$7 billion. ...

  7. Ex-beer chief cheers ING's stellar growth

    Posted Nov 22nd 2010, 12:00am by Enoch Yiu

    ... Enoch Yiu The insurance arm of Dutch financial services group ING is enjoying a stellar year in Hong Kong, generating new premium income of nearly HK$922 million in the first six months ... brewer to bank has clearly proved rewarding. Before his move to ING in 2007 as general manager, strategic partnerships and business development, he was responsible for the Hong Kong and Macau ...

  8. Business - Companies - ACQUISITIONS

    Richard Li pays US$2.1b for ING's insurance assets

    Posted Oct 20th 2012, 12:00am by Lulu Chen, Ray Chan

    ... In Thailand, the company has about 480 employees and more than 4,000 agents. Earlier this month, the Dutch banking group agreed to sell its Malaysian insurance business to Hong Kong-based insurer AIA ... Lulu Chen and Ray Chan Deal to provide platform for investment push into mainland and Southeast Asian markets Richard Li pays US$2b for ING's insurance assets Richard Li Tzar-kai ...

  9. ING seeks acquisitions in China

    Posted Sep 02nd 2004, 12:00am by Staff Reporter

    ... Andrew K. Collier in Beijing Dutch-based ING Group is looking to buy a stake in a mainland bank, its chairman said yesterday. Michel Tilmant said that an acquisition would fit ... in the country and if we see an opportunity that fits our requirements, we will look at it seriously.' However, Mr Tilmant declined to comment on local media reports that ING had been in discussions ...

  10. ING plans cautious expansion in Asia

    Posted Dec 22nd 2008, 12:00am by Staff Reporter

    ... Natalie Chiu Dutch financial services firm ING seeks to boost its insurance presence in the Asia-Pacific but will adopt a cautious approach to acquisitions, given the challenging ... from the Dutch government in October to bolster core capital. The group has about 3,000 staff in Hong Kong, the mainland and Macau, where it offers insurance, banking, investment and retirement ...




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