ING invests 40% in Spanish wealth manager Singular Bank to boost Private Banking growth.

ING Group has acquired a 40% stake in Spanish private bank Singular Bank, aiming to accelerate growth in Private Banking and Wealth Management in Spain. Singular Bank manages around €19 billion in client assets and will continue operating independently, complementing ING's own Private Banking services. The deal, expected to close in early 2027 pending regulatory approval, supports ING's strategy to expand its market impact and product offerings. Both parties plan further cooperation to grow their client base and assets under management.