Published by Global Banking & Finance Review®
Posted on September 26, 2025
1 min readLast updated: January 21, 2026
Add as preferred source on GoogleING's sale of its Russian division to Global Development JSC is delayed due to regulatory issues, impacting the expected Q3 2025 completion.
BRUSSELS (Reuters) -Dutch bank ING said on Friday it was facing a delay completing the previously announced sale of its Russian division to Global Development JSC.
"At the time, it was expected that the transaction would be completed in the third quarter of 2025, subject to various regulatory approvals. Since the buyer has not received all necessary approvals, there is currently no realistic prospect of completing the transaction in the third quarter," ING said.
"We continue working towards completing the transaction and our exit from the Russian market and expect the financial impact not to be materially different from what was reported earlier," it added.
(Reporting by Sudip Kar-Gupta; Editing by Chris Reese)
The delay is due to the buyer, Global Development JSC, not receiving all necessary regulatory approvals.
The transaction was initially expected to be completed in the third quarter of 2025.
ING stated that it expects the financial impact of the sale not to be materially different from what was reported earlier.
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