ING takes about 40% stake in Spanish wealth manager Singular Bank

• ING Groep took about a 40% minority stake in Spanish wealth manager Singular Bank from Warburg Pincus.
• Singular Bank manages about EUR 19 billion of client invested assets; it will continue to operate independently under CEO Javier Marín.
• Closing is expected in Q1 2027, subject to regulatory approvals; the deal is expected to have minimal impact on ING’s CET1 ratio.
• The agreement includes a mechanism to reassess ownership later, with an option for ING to increase its stake.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. ING Groep NV published the original content used to generate this news brief via GlobeNewswire (Ref. ID: 202607060130PRIMZONEFULLFEED1001211250) on July 06, 2026, and is solely responsible for the information contained therein.