Van Lanschot Bankiers Acquires ING Private Banking Curacao

November 9, 2008 by admin
Filed under: Business and Economy, Press Releases 

AMSTERDAM -(Dow Jones)- Van Lanschot Bankiers (30263.AE) Friday announced it has reached an agreement with ING Group’s (ING) ING Bank N.V. on the acquisition by Van Lanschot Bankiers (Curacao) N.V. of the private banking activities of ING Bank N.V. in Curacao, Netherlands Antilles.

Van Lanschot has had a presence in Curacao since 1976, offering private banking, asset management and trust services. The acquisition will enhance Van Lanschot Curacao’s client base and increase its assets under management.

Van Lanschot Bankiers and ING plan to effectively transfer the activities as early as this year. The acquisition will go ahead subject to the approval of the regulator, i.e. the Central Bank of the Netherlands Antilles.

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