ING Groep stock in focus as OCBC nears Asian private-bank deal
Published on 11/09/2026 at 12:43 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSAsian private-banking sale in focus
- OCBC is reportedly close to buying ING's Asian private-banking assets for about 1.5 billion US dollars.
- The possible transaction would advance ING's asset-sale program while reshaping OCBC's wealth-management platform.
- ING's Asian private-banking unit manages 11 billion euros for more than 5,000 clients.
OCBC is close to an agreement to buy ING Groep's Asian private-banking assets for about 1.5 billion US dollars, The Edge Malaysia reported on Monday, November 9, 2026. The report cited two people familiar with the matter, who said the companies could announce the transaction as early as the same day.
ING spokeswoman Karen Williams and OCBC spokeswoman Koh Ching Ching declined to comment, according to the report. The account therefore describes a possible transaction rather than a completed sale or a binding announcement.
Potential deal reshapes wealth management
OCBC reportedly beat HSBC in the process for the assets. For Singapore's largest life insurer owner, the acquisition would strengthen its private-banking offering in Asia, where wealth creation is expected to outpace growth in Europe and the United States, The Edge Malaysia wrote.
ING's Asian private-banking division operates from Singapore, Hong Kong and the Philippines. It serves more than 5,000 clients and managed 11 billion euros at the end of June, down from 11.4 billion euros three months earlier. The reported transaction would add to ING's recent asset-sale activity, including the sale of its Geneva wealth-management business to Julius Baer, according to the same report.
The possible sale gives investors another angle on ING's portfolio management. A completed transaction could reduce the group's exposure to private banking in Asia and provide capital for other priorities, but the report does not specify the final terms, timing or financial effect for ING. The reported price also remains subject to confirmation by the companies.
ING Groep stock traded at 29.33 euros on Lang & Schwarz at 12:38 CET on Monday, November 9, 2026. Investors should distinguish the reported negotiations from a completed disposal and watch for a formal company announcement.
Investors can follow the real-time quote of ING Groep stock as the market assesses the potential transaction.
The broader Dutch market can be followed through the AEX market overview.
Key facts
ING Groep at a glance
- Company: ING Groep N.V.
- ISIN: NL0011821202
- Reported development: Potential OCBC acquisition of Asian private-banking assets
- Reported transaction value: About 1.5 billion US dollars
- Lang & Schwarz price: 29.33 euros at 12:38 CET on November 9, 2026
