ING Groep stock weighs reported OCBC private-bank deal
Published on 11/10/2026 at 17:17 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSING weighs Asian private-banking sale
- OCBC is reportedly close to buying ING's Asian private-banking assets for 1.5 billion US dollars.
- Neither bank had confirmed the transaction, leaving terms, timing and capital effects open.
- The possible sale would continue ING's portfolio reshaping while expanding OCBC's wealth-management platform.
ING Groep stock remained in focus on Tuesday, November 10, 2026, after The Edge Malaysia reported that Oversea-Chinese Banking Corp. was close to an agreement to buy ING Groep's Asian private-banking assets for about 1.5 billion US dollars. The companies had not confirmed the transaction.
ING Groep stock traded at 30.01 euros on Lang & Schwarz at 17:08 CET on Tuesday, November 10, 2026, 1.80 percent above the Xetra close of 29.48 euros from Monday, November 9. The quote was 2.32 percent above the 29.33 euros cited in the previous relevant report on Monday, November 9, at 12:38 CET. That comparison is separate from the Xetra daily move.
Possible sale keeps terms open
The report cited two people familiar with the matter who were not authorised to speak publicly. ING spokeswoman Karen Williams and OCBC spokeswoman Koh Ching Ching declined to comment, so the report describes negotiations rather than a completed disposal or binding announcement.
ING's Asian private-banking division manages 11 billion euros for more than 5,000 clients from offices in Singapore, Hong Kong and the Philippines. Assets under management had declined from 11.4 billion euros three months earlier, according to The Edge Malaysia.
Strategic implications for both banks
For OCBC, the purchase would strengthen its wealth-management platform in a region where private-banking assets are scarce. The report said OCBC beat HSBC in the process.
For ING, a completed sale would continue portfolio reshaping and could release capital for other priorities. Investors still need a formal announcement, agreed terms, regulatory approvals and clarity on the treatment of the business in ING's capital-allocation plans.
ING Groep stock facts
- Company: ING Groep N.V.
- ISIN: NL0011821202
- Ticker: INN1.DE on Xetra
- Lang & Schwarz price: 30.01 euros at 17:08 CET on November 10, 2026
- Change versus prior report: 2.32 percent above 29.33 euros at 12:38 CET on November 9, 2026
- Xetra reference: 29.48 euros, Monday, November 9, 2026
- Reported transaction: Possible OCBC purchase of ING's Asian private-banking assets
European bank shares remain relevant for valuation and capital-return expectations; see current Euro Stoxx 50 market coverage.
