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An ING Direct café in Toronto: Scotiabank acquired ING Bank of Canada last week. following the announcement that ING Bank of Canada will be acquired by Scotiabank on Wednesday, August 29, 2012. THE CANADIAN PRE SS/Michelle Siu
An ING Direct café in Toronto: Scotiabank acquired ING Bank of Canada last week. following the announcement that ING Bank of Canada will be acquired by Scotiabank on Wednesday, August 29, 2012. THE CANADIAN PRE SS/Michelle Siu
(MICHELLE SIU/THE CANADIAN PRESS)

ING sales in U.K. and Canada share few similarities

JACQUELINE NELSON

 — The Globe and Mail

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ING Groep NV is plowing ahead with its plan to sell off assets and pay back some Dutch state loans issued back in 2008. A little more than two months after the company announced it was seeking new homes for ING Direct Canada and ING Direct UK, both units have been sold.

Barclays Plc, the second-largest bank in the U.K. by assets, said Tuesday that it would buy the U.K.-based ING business to shore up its retail capabilities, with head of U.K. retail and business banking, Ashok Vaswani, stating that it was a “good fit” in the press release.