Is ING Groep (ING) One of the Best Undervalued Large Cap Stocks to Buy?

ING Groep N.V. (NYSE:ING) is one of the undervalued large cap stocks to buy. On April 7, ING Groep N.V. (NYSE:ING) announced that it had terminated its agreement to sell its Russian subsidiary, ING Bank (Eurasia) JSC, to Global Development JSC. The Dutch banking giant cited no realistic expectation that the buyer would obtain the necessary regulatory approvals.

Source: Pexels

The deal was originally announced on January 28, 2025. At the time, ING expected to complete the sale by Q3 2025 and exit Russia after more than 30 years of operating in the country. The deal required regulatory approvals from both Russian authorities and the EU, and by September 2025, ING had already flagged that the transaction was unlikely to close in the originally planned Q3 2025 window because the buyer had not yet received those approvals.

The buyer, Global Development JSC, is a Russian company owned by a Moscow-based financial investor with a background in factoring services. It would have acquired all shares of ING Bank (Eurasia) and run the business under a new brand.

ING said the exit will still come at a financial cost. It added that any alternative path out of Russia is expected to have a broadly similar negative financial impact to the failed sale, which had been estimated to hit ING’s CET1 capital ratio by approximately 7 basis points.

ING Groep N.V. (NYSE:ING) is a financial services company. It provides banking, investment, and asset management services to individuals, businesses, and institutions. Its offerings include savings and current accounts, mortgages, consumer and business lending, payments, and corporate finance services across retail and wholesale banking segments.

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