ING reduced its stake in TMBThanachart Bank (TTB) from 23.1% to 19.5% through participation in TTB's most recent share buyback programme. The transaction generated gross proceeds of approximately €243 million for ING, based on current exchange rates. This reduction reflects ING's ongoing active capital management and disciplined approach to optimising its investment portfolio.

The transaction is not expected to have a material impact on ING's profit and loss account, shareholders' equity, or capital ratios. ING remains a significant shareholder in TTB and continues to value its longstanding partnership with the bank. The stake reduction was executed through TTB's share buyback mechanism, allowing ING to optimise its holdings while maintaining a strategic relationship.

Transaction Details

The following table outlines the key details of the stake reduction:

Background and Context

ING acquired its stake in TTB following its historical involvement in TMB Bank, which subsequently merged with Thanachart Bank to form TMBThanachart Bank. Through this involvement, ING has supported the development of TTB as one of Thailand's leading financial institutions. The decision to reduce the stake aligns with ING's strategy of disciplined capital management while preserving its strategic interests in the region.

ING has launched a new global subscription banking model designed to simplify daily banking and deliver greater value for customers across its nine retail markets. The initiative introduces four distinct plans—ING Go, ING More, ING Extra, and ING Max—covering 41 million customers in the Netherlands, Belgium, Germany, Spain, Italy, Australia, Poland, Romania, and Türkiye. This move marks a strategic shift from product-based banking to relationship-based customer propositions, combining banking, protection, and lifestyle benefits within a single offering.

The subscription plans integrate everyday banking with additional features that customers would typically arrange separately. Each plan is tailored to local market preferences, combining standard banking services with lifestyle benefits. Features include enhanced card offers, additional banking and investment benefits, comprehensive insurance cover, and partner-enabled extras such as streaming services, travel-related benefits, loyalty programs, and cashback features.

Following initial launches in Belgium, Poland, and Romania, the model is now live in the Netherlands as part of a phased international rollout. Including customers migrated from existing offerings, ING reports that 3 million customers are already utilizing the new plans. The bank holds over €600bln in retail banking customer deposits, providing a substantial base for this new service structure.

Sali Salieski, Global Head of Private Individuals at ING, stated that the move responds to customer demand for simplicity and flexibility. The model aims to offer banking that adapts to customers' lifestyles rather than requiring customers to adapt to the bank. By combining services and benefits, ING intends to provide greater convenience and value.

The rollout aligns with ING's strategy to scale across markets while maintaining local relevance. The bank reports strong early interest in markets where the model has already launched, indicating a positive customer response to the integrated approach to banking and lifestyle services.