ING profits out of Hamers’ way

Ralph Hamers ING

View more CEOs

Reports last month that ING was bidding for HSBC’s Turkish unit was the latest sign that it is, once again, a bank on the rise. The news came barely a month after the group sold down its stake in its former European insurance arm, NN, to below 50%. Prior to that sale, ING was banned from making any acquisitions at all – a condition imposed by the EU’s anti-trust regulator on a €10 billion bail-out by the Dutch state in 2008.