ING announced today that it has completed the sale of its Swiss Private Banking
business to Julius Baer, the leading pure-play Swiss Private Banking group.

As announced on 7 October 2009, the divestment is in line with ING's Back to
Basics strategy tofocus on fewer franchises and reduce the complexity of the
group.

The transaction will generate an estimated net profit for ING of approximately
EUR 150 million.
ING Private Bankingin the Benelux and Central Eastern Europe remain part of the
core business of the Bank.



 Press Enquiries                         Investor Enquiries

 Anneloes Geldermans                     Bill Cokins

 ING Group                               ING Group

 +31 20 541 6526                         +31 20 541 8607

 anneloes.geldermans@ing.com             bill.cokins@ing.com
     



ING Profile
ING is a global financial institution of Dutch origin offering banking,
investments, life insurance and retirement services. As of 30 September 2009,
ING served more than 85 million private, corporate and institutional clients in
more than 40 countries. With a diverse workforce of about 110,000 people, ING is
dedicated to setting the standard in helping our clients manage their financial
future.

IMPORTANT LEGAL INFORMATION
Certain of the statements contained herein are statements of future expectations
and other forward-looking statements. These expectations are based on
management's current views and assumptions and involve known and unknown risks
and uncertainties. Actual results, performance or events may differ materially
from those in such statements due to, among other things, (i) general economic
conditions, in particular economic conditions in ING's core markets, (ii)
performance of financial markets, including developing markets, (iii) the
implementation of ING's restructuring plan to separate banking and insurance
operations, (iv) changes in the availability of, and costs associated with,
sources of liquidity, such as interbank funding, as well as conditions in the
credit markets generally, including changes in borrower and counterparty
creditworthiness, (v) the frequency and severity of insured loss events, (vi)
mortality and morbidity levels and trends, (vii) persistency levels, (viii)
interest rate levels, (ix) currency exchange rates, (x) general competitive
factors, (xi) changes in laws and regulations, (xii) changes in the policies of
governments and/or regulatory authorities, (xiii) conclusions with regard to
purchase accounting assumptions and methodologies, (xiv) changes in ownership
that could affect the future availability to us of net operating loss, net
capital loss and built-in loss carryforwards, and (xv) ING's ability to achieve
projected operational synergies. ING assumes no obligation to update any
forward-looking information contained in this document.



[HUG#1373740]





    pdf version of press release: http://hugin.info/135859/R/1373740/336640.pdf