ING to reduce its stake in BSK

ING to reduce its stake in BSK

The Dutch financial group ING might reduce its stake in Poland's Bank Slaski (BSK) from the current 82.8% to 75% in the coming two years. ING wants BSK to be listed on the Warsaw Stock Exchange, as this would facilitate the bank's development. ING is to present a plan for long-term expansion of the group in Poland in November. The group's assets in Poland valued at PLN 30bn (USD 7bn) include, among others, the life insurance company Nationale-Nederlanden Polska, the pension fund PTE Nationale-Nederlanden Polska, the pension fund managing company OFE Nationale-Nederlanden Polska, and the investment fund company ING BSK. kp,bb