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Updatings
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Press Release :: ING Bank![]() 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
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