ING Reduces Stake in TMBThanachart Bank

ING Groep N.V. announced a partial reduction of its stake in TMBThanachart Bank (TTB) through its participation in TTB’s share buyback program. This transaction decreases ING's ownership from 23.1% to 19.5%, generating approximately €243 million in gross proceeds. The move is part of ING's active capital management and portfolio optimization strategy. ING will remain a significant shareholder and values its partnership with TTB. The company anticipates no material impact on its financial performance, equity, or capital ratios. This action follows ING's historical involvement with TMB Bank prior to its merger with Thanachart Bank.