ING Bank discontinues its Primary Dealership in Dutch Government Securities as of 1 January 2021
As per the beginning of next year, ING Bank will no longer be a Primary Dealer in Dutch Government Securities.
ING announced that it has decided to discontinue its primary dealership in government securities for The Netherlands and Germany as of 1 January 2021, in line with ING recently announced efforts to further streamline, simplify and strengthen its business to face the challenging market conditions. ING already decided last year to exit its primary dealerships in Italy, Belgium and Turkey. Mrs Elvira Eurlings, Agent of the DSTA: ‘We have always appreciated the good business relations between ING Bank and the DSTA and would like to thank ING’s team for the primary dealer services provided over the past years.’
On 11 December 2020, the DSTA will announce its Primary Dealers for 2021, through the publication of its annual Outlook. More information on DSTA’s Primary Dealers can be found on the website https://english.dsta.nl/subjects/dealers