ING Groep stock in focus as OCBC nears Asian private-bank deal
Published on 11/13/2026 at 11:56 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSOCBC weighs Asian private-bank purchase
- OCBC is reportedly close to buying ING's Asian private-banking assets for US$1.5 billion.
- The division serves more than 5,000 clients and manages EUR 11 billion.
- ING and OCBC have not confirmed the transaction, leaving terms and timing open.
OCBC is close to an agreement to buy ING Groep's Asian private-banking assets for US$1.5 billion, The Edge Malaysia reported on Friday, November 13, 2026. The report cited people familiar with the matter, who said the companies could announce the deal as early as the same day. ING and Oversea-Chinese Banking Corp. declined to comment.
ING Groep stock traded at 30.12 euros on Lang & Schwarz at 11:52 CET on Friday, November 13, 2026.
Deal would reshape wealth management
The reported transaction covers ING's private-banking operations in Singapore, Hong Kong and the Philippines. The business serves more than 5,000 clients and is led by Renato de Guzman, according to The Edge Malaysia. Its assets under management declined to EUR 11 billion at the end of June from EUR 11.4 billion three months earlier.
The report said OCBC beat HSBC in the process. For Singapore-based OCBC, the purchase would strengthen its wealth-management platform in a region where private-banking assets are scarce and wealth creation is expected to outpace Europe and the United States. The Edge Malaysia quoted Trevor Kalcic, Southeast Asia equity research head at Royal Bank of Scotland, as saying the deal would put OCBC's private-banking offering on a firmer footing.
For ING investors, a completed disposal would continue the bank's portfolio reshaping and could provide capital for other priorities. That assessment remains conditional: the companies have not confirmed the price, timing or transaction itself, and any deal would still require agreed terms and regulatory approvals.
The report follows ING's sale of its Geneva-based wealth-management business to Julius Baer, also cited by The Edge Malaysia. Together, the reported transactions point to a further reduction in ING's private-banking footprint, although the financial effect on the Dutch banking group cannot be assessed until final terms are announced.
The Dutch equity market context is reflected by the AEX index.
More news and analyses on ING Groep stock are available in the ING Groep stock topic.
ING Groep stock at a glance
- Company: ING Groep N.V.
- ISIN: NL0011821202
- Lang & Schwarz price: EUR 30.12 at 11:52 CET on November 13, 2026
- Reported transaction: Possible OCBC acquisition of ING's Asian private-banking assets
- Reported transaction value: US$1.5 billion
The transaction was reported by The Edge Malaysia.
