ING Hipotecaria is a domestic Mexican mortgage business serving approximately 28,000 customers through its 20 branches, which remained with ING following the divestment of INGs Latin American pensions, life insurance and investment management operations in 2011.
Subject to regulatory approvals, the transaction is expected to close in H2 2013. In recent news, ING Group has completed the sale of its British businesses linked to online banking arm ING Direct UK to financial services company Barclays.
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