Global banking directory (since 2007)
Press release distribution service
Add Bank | Banking Forum
Advertise Your Business Here!
Search
  • Middle East Financial Security Exhibition & Conference, February 27 - March 1
  • Advertise With Us!
BanksDaily Twitter BanksDaily FaceBook BanksDaily LinkedIn

Press Release :: ING Bank

Logo ING BankAs announced on 25 April 2017, ING has participated in the private placement by Bank of Beijing (BoB) which has closed today. BoB has issued 2.9 billion ordinary shares with a value of approximately RMB 21.7 billion (approx. EUR 2.8 billion at current exchange rates). The placement was done at RMB 7.13 per share. ING participated in the offering for an aggregate amount of RMB 1.89 billion (around EUR 240 million) representing 265 million shares.

ING maintains its position as the largest shareholder in BoB with a stake of 13.0%, down from 13.6%. Bank of Beijing's Tier 1 capital ratio has improved to 10.2% from 8.5%.

ING's participation in the private placement does not have a material impact on ING's profit and loss account, shareholders' equity or capital ratios.

We started our strategic alliance with Bank of Beijing in 2005 by acquiring a minority holding. Since then we have been working closely together in areas such as retail banking, risk management, human resources and corporate governance. More recently, we have also started to actively explore the potential for a further cooperation, in direct banking in China.

Bank of Beijing is the largest city commercial bank in China with over 500 branches across 12 domestic major cities. It services its 16 million customers through retail banking, corporate banking and financial markets businesses. Bank of Beijing is listed on the stock exchange of Shanghai.

Source: ING Bank
Date: 29.12.2017
Articles
 On October 30-31, Prague will host Crypto Affiliate Conference 2017

Crypto Affiliate Conference 2017 will be a crucial stepping stone for the whole digital marketing community in the presently changing environment. 07.09.2017 | Source: Faunus

 Blockchain Life 2017

On the 26th of September, in the Saint-Petersburg (Russia), will be held the Blockchain Life 2017 - the largest conference about Bitcoin, the blockchain, cryptocurrency, and mining. 02.08.2017 | Source: Adwad Group

 6th Edition BFSI Innovation and Technology Summit 2017

Today Indian economy is considered as one of the fastest growing economies in the world and contributing to its high growth are many critical sectors, amongst which the BFSI sector is unarguably one of the most distinguished sectors of Indian economy. 21.07.2017 | Source: Exito Media Concepts

 Can Poland become a fintech leader in Europe?

FutureTech Congress ended its two-day event devoted to innovations in the fintech, insurtech and big data industries. 26.05.2017 | Source: FutureTech

 FutureTech Congress: international meeting of insurtech, fintech and big data to be held this May in Warsaw

FutureTech Congress is one of the most important business summits in Central and Eastern Europe addressing top trends in the fintech, insurtech and big data industries. The first edition of the congress will be held on 24th and 25th of May in Warsaw. 05.05.2017 | Source: FutureTech

 Prague will host the largest conference devoted to cryptocurrencies and blockchain

On May 19, the capital of the Czech Republic will host Blockchain & Bitcoin Conference Prague – the event dedicated to the development of cryptocurrencies and blockchain. 06.04.2017 | Source: Smile-Expo


2007-2018 © Banking Directory