The Dutch lender said it would streamline its wholesale offering to focus on key clients and markets, according to its third quarter statement yesterday.
AMSTERDAM: ING Groep NV will cut 1,000 jobs and close offices in South America and some in Asia as it looks to cut costs and boost its digital transformation.
The Dutch lender said it would streamline its wholesale offering to focus on key clients and markets, according to its third quarter statement yesterday.
Profit was €788mil (US$925mil) in the third quarter, lower than the €844mil profit estimated by analysts. Costs came in at €2.6bil, higher than a year before and missing a €2.35bil estimate.
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