(Boursier.com) – Societe Generale stands out in the morning, thanks to a gain of 3.3% to 31.5 euros. In addition to the rise in bond yields which is benefiting the entire financial sector, the Banque de la Défense would be well placed to take over ING France’s retail client portfolio. According to information obtained by ‘La Tribune’, “only two candidates have submitted a takeover offer, namely Societe Generale on behalf of its subsidiary Boursorama, and Crédit Mutuel Arkéa for its subsidiary Fortuneo”. Crédit Mutuel Alliance Fédérale and Crédit Agricole have reportedly abandoned the case.
Present since 2000 in online retail banking in France, ING announced, just before Christmas, its withdrawal from this activity. The Dutch bank then specified “to study with third parties the possibility of concluding an agreement concerning its portfolio of customers”. According to ‘La Tribune’, this process of selling the customer portfolio “should lead to an exclusive negotiation with a buyer by the end of the month”.
As an online bank, the Dutch company has around 1 million customers in France, offering current accounts, mortgages, consumer loans and investment products.
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