Arab Today, arab today ing sells canadian online banking subsidiary to scotiabank
Last Updated : GMT 08:53:10
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ING sells Canadian online banking subsidiary to Scotiabank

Arab Today, arab today

Arab Today, arab today ING sells Canadian online banking subsidiary to Scotiabank

The Hauge - AFP

Dutch banking giant ING said on Wednesday it had reached a deal to sell ING Direct Canada for $3.1 billion (2.5 billion euros) to Canadian financial services company Scotiabank. \"Over the past 15 years we have successfully built ING Direct into the leading direct bank in Canada. I am very pleased that in Scotiabank we have found a complementary owner with the ambition to further grow the business,\" said Jan Hommen, chief executive of ING Group, in a statement.

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