The split and subsequent sale of the insurance division, and macroampliación capital of 7,500 million euros have already received the approval of shareholders of ING. Previously, the bank had achieved a green light from Brussels to its restructuring, forced by her ‘rescue’.
One week after obtaining approval from the European Commission, the drastic restructuring of ING has received the backing of its shareholders. Support has also touched unanimity.
Over 99% voted in favor of plans that include an extension of 7,500 million euros and the division of banking and insurance divisions, with a view to a future sale of that business.
The conversion of the entity left the ‘rescue’ of 10,000 million received by the Netherlands Government to cope with greater ease the effects of financial crisis.
The announcement of the restructuring, on 26 October, caused an 18% plunge in the price of ING. The bank’s stock highlighted in today’s session with an increase of 2%.
Also in today’s ABN has communicated over the head of ING Direct Spain. Beginning next January 1, César González-Bueno, CEO of ING Direct Spain, will be promoted to responsible for European Banking. His place will be occupied by Alfonso Zapata, who until now held the post of deputy director of ING Direct Spain.
