ING Philippines just announced that they will be leaving the local retail banking market before the end of 2022.
It may be leaving the retail banking sector, but ING said that they will “continue to invest in its wholesale banking business and global shared services operations” in the country. The service was just launched in 2018.
The company assured its Filipino retail customers that there wouldn’t be any change to their accounts. Clients will still be able to access their accounts and funds anytime. More importantly, ING said that their money will remain “safe and secure.”
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ING will notify their customers soon in case of any changes or clients can visit their website at www.ing.com.ph.
The company has been in the Philippines since 1990 for corporate and institutional clients. The retail banking section didn’t arrive until late 2018, which currently has 380,000 customers that have savings accounts, current accounts, and consumer lending.
Source: ING