Alfonso Tolcheff (ING): We are open to any purchase that will accelerate growth in Spain
It will launch its private banking at the end of this month and will start the first company banking services at the beginning of 2027.
ING's Spanish division is experiencing its fastest growth to date, with nearly 5 million customers and a balance sheet of over €56 billion. The bank's CEO for Spain and Portugal, Alfonso Tolcheff, aims to further expand the business, having recently opened a 1,820 square meter flagship office in Madrid. ING has also acquired 40% of Singular Bank and plans to enter the private banking and corporate banking sectors, with a target to launch its corporate banking offer in 2027. The bank currently serves over 5,000 private banking clients with assets of at least €500,000.
Written by urgent.news from Expansion ES's report — not a translation of it. Machine-written — may contain errors; check the original before relying on it.
