British bank Barclays on Tuesday agreed to purchase online bank ING Direct UK from its Dutch parent group for an undisclosed amount.
\"Barclays Bank PLC announces that it has agreed to acquire the deposits, mortgages and business assets of ING Direct UK,\" the lender said in a statement.
The acquisition followed ING\'s decision in August to exit the British retail banking market after a strategic review.
Launched in 2003, ING Direct UK is a direct banking platform which offers clients savings and mortgages products through secure online and mobile Internet channels. Two call centres in Britain provide customer support.
\"Barclays Bank PLC announces that it has agreed to acquire the deposits, mortgages and business assets of ING Direct UK,\" the lender said in a statement.
The acquisition followed ING\'s decision in August to exit the British retail banking market after a strategic review.
Launched in 2003, ING Direct UK is a direct banking platform which offers clients savings and mortgages products through secure online and mobile Internet channels. Two call centres in Britain provide customer support.