ING secures a 40% stake in Spain's Singular Bank, becoming its largest shareholder alongside Mexican investors Actinver and ProA

ING purchased a 40% stake in Singular Bank, becoming its largest shareholder; Actinver and ProA also acquired participations, with the bank’s management team under Javier Marin securing a 15.5% holding. The transaction signals increased consolidation in Spanish private banking, boosts ING’s wealth‑management footprint in Europe, and may shift competitive dynamics among local and international wealth managers. ING Group, Actinver, ProA, Javier Marin and Singular Bank’s management team, Spanish securities regulator (CNMV). Regulatory approval by the CNMV, potential further stake increases by any of the investors, integration of ING’s wealth‑management services with Singular Bank’s platform, and market reaction in Spanish banking stocks. ING’s acquisition of a 40% equity interest in Singular Bank makes it the bank’s biggest shareholder, while Actinver, ProA and the bank’s management team led by Javier Marin take the remaining holdings. The deal marks a notable step in the consolidation of Spain’s private‑banking sector and gives ING a stronger platform for wealth‑management growth in the Iberian market. No contradictory figures or assertions appear in the source; the transaction is presented as a completed agreement subject to customary regulatory clearances.

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