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ING Sheds Fresh Light On Romanian Private Bank Closure

Josh O'Neill

30 November 2017

our colleagues in ING Luxembourg that can manage more complex investment portfolios,” Linke added.

The division will close on 1 January, 2018. 

ING’s Romanian wealth management division was reportedly the first of its kind in the local market when it launched. 

The minimum deposit to open a private banking account was €500,000 ($593,237), according to local media reports. 

The unit oversaw hundreds of millions of euros for wealthy clients, with some reportedly accounts having assets totalling more than €20 million.