1012 GMT - ING Groep's exit from Russia will alleviate potential compliance and political risks, S&P Global says in a research note. The Dutch lender is selling its business in the country to a Russian buyer and will take a 700 million-euro charge from the deal. Though it has a limited financial impact, the ending of all onshore Russian business is a significant step for ING, analysts note. "While this news is positive overall, the sale of ING's business in Russia has a small negative impact on our risk-adjusted capital $(RAC.AU)$ ratio and return on assets, which we estimate at only around 8 bps and 7 bps, respectively," they write. The transaction doesn't impact S&P's view on the bank's strategy, earnings or capitalization. ING shares have risen 22% on a 12-month basis. (elena.vardon@wsj.com)
(END) Dow Jones Newswires
January 29, 2025 05:12 ET (10:12 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
免责声明：投资有风险，本文并非投资建议，以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请，作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考，不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证，投资者应自行研究并在投资前寻求专业建议。