Stock Groups

ING to quit French retail banking market -Breaking

by Mike Robinson

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© Reuters. FILE PHOTO : This is the entrance to the group’s Brussels main office on November 6, 2013. REUTERS/Francois Lenoir

PARIS (Reuters – The Dutch financial services provider ING announced on Tuesday that it would be closing its French retail banking division. It could impact 460 people.

ING said that it was continuing talks with other companies to expand its French retail bank client portfolio. French newspaper Les Echos previously reported that Credit Mutuel (OTC:), SocGen and Credit Agricole were keen to acquire the assets.

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