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Zorba

Bos 4 Mod
ING e dismissioni


Gran bella notiza. Ho recuperato le notizie relative alle cessioni che ha fatto ING nel 2009. Mi sembra che ING sia sulla strada giusta. Solo negli ultimi 20 gg ha annunciato cessioni per Euro 2,5 bln in cash e utili da tali cessioni per EUro 750 mln:clap:. Stiamo a vedere...

15 October 2009: ING announced today that it has reached an agreement to sell its Asian Private Banking business to Oversea-Chinese Banking Corporation Limited (OCBC Bank) for a consideration of US$ 1,463 million (around EUR 1 billion) in cash. OCBC Bank is Singapore’s longest established local bank and offers a wide range of specialist financial services. The transaction will generate an estimated net profit for ING of approximately EUR 300 million and is expected to free up around EUR 370 million of capital.

7 October 2009: ING announced today that it has reached an agreement to sell its Swiss Private Banking business to Julius Baer for a consideration of CHF 520 million (EUR 344 million) in cash. Julius Baer is the leading pure-play Swiss Private Banking group. The transaction will generate an estimated net profit for ING of EUR 150 million and is expected to free up EUR 200 million of capital. The agreement of ING and Julius Baer is subject to regulatory approval and is expected to close in the first quarter of 2010.

25 September 2009: ING announced today that it has reached an agreement to sell its life insurance and wealth management venture in Australia and New Zealand to ANZ, its joint venture partner. Under the terms of the agreement, ING will sell its 51% equity stakes in ING Australia and ING New Zealand to ANZ, who now will become the sole owner of these businesses. ING will receive EUR 1.1 billion in cash from ANZ. The transaction will generate an estimated net profit for ING of EUR 300 million. The deal is subject to regulatory approvals and is expected to be booked and closed in Q4 2009. The cash proceeds and the estimated net profit will improve the debt/equity ratio of ING Insurance by 345 basis points. The transaction is expected to free up EUR 900 million of capital.

19 February 2009: ING Group announced today that it has completed the sale of its 70% stake in ING Canada. gross proceeds from the sale of ING’s entire 70% stake in ING Canada approximately CAD 2,163 million.
 

bosmeld

Forumer storico
Gran bella notiza. Ho recuperato le notizie relative alle cessioni che ha fatto ING nel 2009. Mi sembra che ING sia sulla strada giusta. Solo negli ultimi 20 gg ha annunciato cessioni per Euro 2,5 bln in cash e utili da tali cessioni per EUro 750 mln:clap:. Stiamo a vedere...

15 October 2009: ING announced today that it has reached an agreement to sell its Asian Private Banking business to Oversea-Chinese Banking Corporation Limited (OCBC Bank) for a consideration of US$ 1,463 million (around EUR 1 billion) in cash. OCBC Bank is Singapore’s longest established local bank and offers a wide range of specialist financial services. The transaction will generate an estimated net profit for ING of approximately EUR 300 million and is expected to free up around EUR 370 million of capital.

7 October 2009: ING announced today that it has reached an agreement to sell its Swiss Private Banking business to Julius Baer for a consideration of CHF 520 million (EUR 344 million) in cash. Julius Baer is the leading pure-play Swiss Private Banking group. The transaction will generate an estimated net profit for ING of EUR 150 million and is expected to free up EUR 200 million of capital. The agreement of ING and Julius Baer is subject to regulatory approval and is expected to close in the first quarter of 2010.

25 September 2009: ING announced today that it has reached an agreement to sell its life insurance and wealth management venture in Australia and New Zealand to ANZ, its joint venture partner. Under the terms of the agreement, ING will sell its 51% equity stakes in ING Australia and ING New Zealand to ANZ, who now will become the sole owner of these businesses. ING will receive EUR 1.1 billion in cash from ANZ. The transaction will generate an estimated net profit for ING of EUR 300 million. The deal is subject to regulatory approvals and is expected to be booked and closed in Q4 2009. The cash proceeds and the estimated net profit will improve the debt/equity ratio of ING Insurance by 345 basis points. The transaction is expected to free up EUR 900 million of capital.

19 February 2009: ING Group announced today that it has completed the sale of its 70% stake in ING Canada. gross proceeds from the sale of ING’s entire 70% stake in ING Canada approximately CAD 2,163 million.


per me ing chiude in utile:up::up:

cmq oggi mi sembra di vedere ancora l'aumento delle ing e di BA:up::up:
e anche delle aegon sempre agganciate all'irs
AEGON 04-UND. FLR (WKN A0DAFX, ISIN NL0000116150) - Profil - Aktien, Aktienkurse - ARIVA.DE


p.s natixis sembra in calo NATIXIS S.A.05/UND. FLR (WKN A0DT0X, ISIN FR0010154278) - Profil - Aktien, Aktienkurse - ARIVA.DE
tra i 42-44 si potrebbe azzardare un primo mini-cip. CMQ MOLTO RISCHIOSO, IO LO SCRIVO....per me c'è pure il rischio che possano sospendere cedole....


per maxinblank, tu tra le landesbank, quindi cosa hai preso fino ad adesso??
c'è qualcuno che ha comprato altre landsbank, apparte NSH nordbank??
 

Zorba

Bos 4 Mod
Update on strategy: Taking ING back to basics

Riporto la PR di Ing del mese di aprile 2009 con cui annunciava il programma "back to basic", vale a dire lo "smagrimento" del business per tornare alle origini. Cosi' possiamo verificare se effettivamente stia mantenendo gli impegni.

Update on strategy: Taking ING back to basics

Amsterdam, 9 April 2009
  • <LI class=bullet>Announced measures to reduce cost, risk and leverage are on track <LI class=bullet>Reducing complexity by operating Bank and Insurer separately under one Group umbrella <LI class=bullet>Creating a predominantly European bank with one integrated balance sheet <LI class=bullet>Further narrowing focus of Insurance to Life and Retirement services <LI class=bullet>Fundamental shift in risk profile of US Insurance business <LI class=bullet>Forming one Global Investment Manager including Real Estate Investment Management
  • Over time divest EUR 6 to 8 billion in non-core activities as market conditions permit
At the bi-annual ING Investor Day, to be held in Rotterdam today, CEO-designate Jan Hommen will provide an update on the measures to reduce costs, risk and leverage and the change programme as outlined earlier this year. In a keynote speech, Jan Hommen will specifically address the efforts to focus the company on fewer, coherent and strong businesses. “As the economic crisis is fundamentally changing the financial services industry, now is the time to choose where ING has the scale and strength to succeed in the current environment and to position the company to be a leader when the markets recover,” Jan Hommen said.

Since the announcement in January of measures to adapt ING to the new business environment, good progress has been made. De-risking measures are on track, with the Alt-A Back-up Facility finalised and equity and interest rate risk reduced significantly. EUR 55 billion of the target to reduce the Bank balance sheet by EUR 110 billion has been realised. The EUR 1 billion cost reduction initiative is well on track, with over half of the planned 7,000 FTE workforce reduction realised.

To build a stronger organisation, ING will reduce its geographic and business scope by building on positions in markets with the strongest franchises. Next to a number of leading positions in key markets, a group of smaller businesses with no clear outlook for market leadership consumes a disproportionate amount of capital. To address this over-extension, ING has made portfolio choices based on market leadership, capital intensity, return on capital, funding needs, earnings contribution and the overall coherence of the Group.

Earlier, ING indicated targeting divestments with total proceeds of EUR 2 to 3 billion. EUR 1.4 billion of this was achieved with the sale of ING Canada. The strategic review has resulted in increasing the divestment programme to a total of 10 to 15 businesses over the coming years. Total proceeds are now expected to be EUR 6 to 8 billion while EUR 4 billion in capital can be freed up. Any divestments will be pursued over time and as market conditions permit. “As a result of this process, ING will become a more focused group, with substantial earnings power and significant growth potential,” Jan Hommen said.
REDUCING COMPLEXITY


To reduce complexity, ING will operate the Bank and Insurer separately under one Group umbrella. ING’s banking activities will be based on its proven strengths: gathering savings, distribution leadership, simple propositions and strong marketing. The bank will be predominantly focused on Europe with selective growth options elsewhere. It will have one integrated balance sheet and one management team.

Key building blocks include the current Retail activities in the Benelux where ING is a leading internet-first bank focused on further capturing scale and efficiency gains. Retail Banking in Central Europe will aim to further strengthen activities in Poland, Romania and Turkey. The greenfield retail operation in the Ukraine will be unwound. ING Direct will continue to build on its strong position as the leading direct bank. The Commercial Bank will accelerate its current transformation process, focusing mainly on the Benelux and Central Europe while maintaining positions in European payment and cash management, specialised finance and financial markets.

The Insurance business will focus on its long-term structural leadership positions in life and retirement services. The business will be managed regionally with an aggregated balance sheet. Key building blocks will include the operations in the Benelux, US, Central Europe, Latin America and Asia/Pacific.

In the US a fundamental shift in the risk profile will be achieved by focusing on individual life and retirement services and a transition of the variable and fixed annuities business to low-risk rollover products. For the non-core businesses, including Employee Benefits, Group Reinsurance and the existing Annuity books, strategic options will be reviewed. The US Financial Products division will be reduced as assets mature. ING will sustain its leadership positions in the key growth markets in Central Europe, Latin America and key markets in Asia/Pacific. The life insurance activities in China and Japan are under review.

The Investment Management operations in Europe, the Americas and Asia/Pacific will be integrated into one Global Investment Management organisation which can benefit from synergies in marketing, operations and distribution and sales. This organisation will also include Real Estate Investment Management. Real Estate Development will manage down capital exposure and will become part of the Commercial Bank, as will Real Estate Finance.

“We are taking ING back to basics on all levels,” Jan Hommen said. “The crisis has reinforced the need for us to be even more in touch with our customers. We need to put our customers first in everything we do and we will make the relationship with our customers our most important objective. We will be focusing on fewer but more transparent products. We will streamline processes to make them more efficient and steer towards operational and commercial excellence. Our governance model will be adapted to our strategy, with rigorous business performance reviews and reinforced accountability. This will result in a company that is easier for customers, motivational for employees and more predictable for shareholders”, Jan Hommen said.
NOTE FOR EDITORS


All presentations at the ING Investor Day are available online. The keynote speech by Jan Hommen (starting at 8:30 CET) and other plenary sessions can be followed live via webcast at www.ing.com. If you are not able to view the webcast, you can listen-in via: +31 20 794 8500 (NL), +44 20 7190 1537 (UK) or +1 480 248 5085 (US).

Jan Hommen will address the strategic update in a media conference call which will start at 11:30 CET. Journalists can join in listen-only mode at +31 20 794 8500 (NL) or +44 20 7190 1537 (UK) and via live audio webcast at www.ing.com.

Press enquiries
Peter Jong
+31 20 541 5457
[email protected]

Raymond Vermeulen
+31 20 541 5682
[email protected]

Investor enquiries
ING Group Investor Relations
+31 20 541 5571
[email protected]

ING Profile
ING is a global financial institution of Dutch origin offering banking, investments, life insurance and retirement services to over 85 million private, corporate and institutional clients in more than 40 countries. With a diverse workforce of about 125,000 people, ING is dedicated to setting the standard in helping our clients manage their financial future.

Important legal information
Certain of the statements contained herein are statements of future expectations and other forward-looking statements. These expectations are based on management's current views and assumptions and involve known and unknown risks and uncertainties. Actual results, performance or events may differ materially from those in such statements due to, among other things, (i) general economic conditions, in particular economic conditions in ING's core markets, (ii) performance of financial markets, including emerging markets, (iii) the frequency and severity of insured loss events, (iv) mortality and morbidity levels and trends, (v) persistency levels, (vi) interest rate levels, (vii) currency exchange rates (viii) general competitive factors, (ix) changes in laws and regulations, (x) changes in the policies of governments and/or regulatory authorities, (XI) conclusions with regard to purchase accounting assumptions and methodologies, (XII) ING's ability to achieve projected operational synergies. ING assumes no obligation to update any forward-looking information contained in this document.

Update on strategy: Taking ING back to basics - ING
 
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