#ing_bank

[ramchintamaneni-blog]

Bank of Beijing and ING team up to launch digital bank

Bank of Beijing and ING are to invest CNY3bn ($447m) to set up a new digital bank headquartered in China. ING will hold a 51%

ING will hold a 51% stake in the new digital bank with Bank of Beijing owning the remaining 49%. A Bank of Beijing and ING JV represents the first Chinese bank with an international bank holding a majority stake.