Sector

Luxembourg banks ready to welcome ejected ING clients

The Luxembourg House of Finance, which houses ABBL, ALFI, Luxembourg for Finance, and other trade associations. Photo: Alexandre Prevot via Flickr CC-BY-2.0.

Luxembourg bankers' association ABBL on Friday said the sector is ready to accommodate clients affected by ING Luxembourg's recent decision to cease its retail banking services. This strategic withdrawal has left thousands of customers in a state of uncertainty, prompting a response from the ABBL and other local retail banks to ensure a smooth transition for impacted clients.

Register or log in to continue reading. Investment Officer is an independent journalism platform for professionals working in the Luxembourg investment industry.

A subscription is free for professionals working at banks and independent asset managers.