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| NH NongHyup Bank Deputy President Lee Yeon-ho, second from left, and ING Global Head of Transaction Services Elvira Kruger, third from left, pose with other executives from their respective companies during Kruger's visit to NH NongHyup Bank headquarters in central Seoul, Monday. Courtesy of NH NongHyup Bank |
By Yi Whan-woo
NH NongHyup Bank said Tuesday that a high-ranking executive of Dutch multinational banking company ING visited Seoul to discuss ways to enhance their partnership.
The Korean bank said Deputy President Lee Yeon-ho met ING Global Head of Transaction Services Elvira Kruger at the bank's headquarters in central Seoul, Monday.
"We shared thoughts on ways to bolster cooperation in global currency trade and international trade financing," Lee said in a press release.
He added the two sides have a rich history in their respective countries' finance industries and that they will "continue to be committed to deepening the partnership.
ING is the fifth-largest European banking company with its market value amounting to 49 billion euros as of February.
The Korean company has been stepping up efforts to expand its reputation outside the country, as despite being the nation's most successful agricultural and commercial bank, it has been deemed as lagging behind its rivals in the global market.
The bank seeks to launch 14 businesses in 12 nations by 2025. Its overseas operations include the United States, China, Myanmar, Vietnam and India.
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