ING completes two risk sharing transactions

ING Group NV - Amsterdam-based banking and financial services company - Announces the successful completion of two inaugural significant risk transfer transaction for ING Wholesale Banking.

ING says the transactions grant first-loss protection on diversified portfolios of corporate loans with a total notional exposure of EUR10.5 billion, with the transactions also reducing its risk-weighted assets by EUR3.4 billion.

As a result, ING increases the resources it has available to finance new growth opportunities and the company says it plans to expand the use of SRTs across Retail and Wholesale Banking over the coming years.