Dutch ING sinks E2bn into ecommerce

By Julian Goldsmith, 16 March 2000 17:47

NEWS Dutch Financial services company, ING Groep, has announced it will invest E2bn (£1.23bn) in the next two years to develop its ecommerce interests. The move is perceived by the financial community as a response to rival ABN Amro, which previously promised to invest E1.8bn (£1.1bn) in its own ecommerce offering. Both organisations are keen to use their investments to develop Internet banking for their Dutch customers.

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