nuOct 29, 2026, 07:10

ING to cut 400 jobs worldwide in wholesale banking division

ING is eliminating 400 positions worldwide within its wholesale banking division while offering assistance to affected staff. The bank reported a 3.5 percent increase in net profit for the third quarter, largely driven by higher interest income from loans.

ING Group has announced plans to cut 400 jobs globally within its wholesale banking division. The financial institution confirmed that it will provide support to affected employees to help them transition into new roles either inside or outside the company.

This workforce reduction follows a successful third quarter for the bank, which reported a net profit of 1.85 billion euros, representing a 3.5 percent increase compared to the same period last year. The firm's performance has been bolstered by rising interest rates, which have allowed the bank to collect more income from loans. Although ING saw its interest income climb by 15 percent, the bank has notably maintained its base savings rate in the Netherlands at the same level since April of the previous year.

Economy Business Netherlands

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Based on reporting by nu. Translated and condensed by LocalHeadlines.

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