ING Groep to sell Russian business to Global Development JSC
1. ING sold its Russian operations to Global Development JSC, exiting the market. 2. This move ends ING's activities in Russia, affecting their risk exposure.
FAQ
Why Bullish?
Exiting Russia reduces risk and potential future losses, improving ING's outlook.
How important is it?
The divestment indicates strategic focus and improved risk management, positively affecting investor sentiment.
Why Short Term?
The immediate effect is visible through reduced political and economic exposure.