Morningstar

ING Sells $281 Million Stake in Thailand's TMBThanachart Bank

Provided by Dow Jones Jun 12, 2026, 1:11:00 PM

By Adria Calatayud

ING Groep said it sold part of its stake in TMBThanachart Bank for 243 million euros ($281.4 million) by participating in the Thai lender's share buyback.

The move reduces ING's stake in TTB to 19.5% from 23.1%, the Dutch bank said Friday. ING said it remains a significant shareholder in TTB and continues to value its partnership with the bank.

ING said it doesn't expect the sale to have a material effect on its earnings, equity or capital ratios.

Write to Adria Calatayud at adria.calatayud@wsj.com

(END) Dow Jones Newswires

June 12, 2026 09:11 ET (13:11 GMT)

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