AMSTERDAM (Reuters) – Dutch financial institution ING supplied an replace on Friday on its publicity in Russia and Ukraine, saying that about 700 million euros ($771 million) in excellent loans had been “affected” by “new sanctions on (Russian) particular entities and people” by Europe and america.
In an announcement composed of bullet factors and footage, it didn’t specify the place that 700 million euros is.
It stated it has 5.3 billion euros in loans to Russian debtors, representing 0.9% of its complete group mortgage ebook.
In Ukraine it stated it had 500 million in loans, representing 0.1% of its mortgage ebook.
The financial institution stated that strikes to chop off some Russian banks from the SWIFT messaging system that underpins world cost transactions had “presently no materials impact” on ING.
ING has wholesale banking operations in Russia with round 400 staff and has round 100 staff in Ukraine, it has stated beforehand.
(Reporting by Toby Sterling; modifying by David Goodman and Jason Neely)
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