ING has finalised the sale of most of its German unit ING BHF-Bank. The sale to Sal. Oppenheim, announced on 2 December 2004, was completed at midnight on 31 December 2004. That sale includes ING BHF-Bankâs asset management, private banking, financial markets and core corporate banking businesses, as well as the name BHF-Bank AG.
The sale of ING BHF-Bankâs London Branch to Deutsche Postbank AG, announced on 23 December 2004, was completed on 1 January 2005.
INGâs remaining wholesale banking activities in Germany will operate under the name ING Bank Deutschland AG.
Source: ING Group