ING to cut 1.000 jobs and close all branches in Latin America

Cristian Hatis 1 Min Read

ING announced on Thursday that it will cut 1.000 jobs and close all branches in Latin America and some Asian countries.

The group reported a net profit of 788 million euros in the third quarter, almost half compared to the result of 1.4 billion euros reported in the third quarter of last year, and below the estimates of analysts who relied on a profit of 844 million euros.

In contrast, ING costs rose to 2.6 billion euros.

In recent years, ING has been one of the fastest growing European banks, gaining millions of customers through online services.

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