Dutch Bank ING Bets on Spain With Madrid Tech Hub -- Market Talk

Dow Jones

2025/06/04

1119 GMT - ING's operations in Spain benefit from being part of an international bank with a market cap nearing 60 billion euros while operating as a fintech in the country, the CEO for the Dutch bank's Spanish and Portuguese markets says at the IESE Banking conference in Madrid. ING entered Spain in 1999 as a telephone bank and is now almost fully digital, operating with only 29 branches nationwide. Alfonso Tolcheff explains that the group chose Madrid to establish a new technology hub and plans to create one thousand STEM jobs in the next four years, reinforcing its commitment to the region. (elena.vardon@wsj.com)

(END) Dow Jones Newswires

June 04, 2025 07:19 ET (11:19 GMT)

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ING entered Spain in 1999 as a telephone bank and is now almost fully digital, operating with only 29 branches nationwide. Alfonso Tolcheff explains that the group chose Madrid to establish a new technology hub and plans to create one thousand STEM jobs in the next four years, reinforcing its commitment to the region. 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