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ING Group: ING reviews strategic options for retail banking operations in Austria
ING reviews strategic options for retail banking operations in Austria
ING is announcing today that it is reviewing the strategic options for its Retail Banking operations in Austria with the aim of exiting this market by the end of 2021.
The scope of the review focuses solely on ING s retail business. ING will continue its Wholesale Banking activities in Austria. We continuously evaluate our activities, including assessing whether they are likely to achieve the preferred scale in their market within a reasonable time frame. In this context we have decided to exit the Austrian retail market, sharpening the focus of our business portfolio on where we can better scale, said Aris Bogdaneris, member of the Management Board Banking and head of Challengers & Growth Markets at ING Group.
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