Tokyo (ANTARA News/Asia Pulse) - Dutch financial conglomerate ING Group announced plans Wednesday to establish an Internet-only bank in Japan, the first by a foreign institution.
It plans to open the online bank in the second half of this year through subsidiary ING
Direct after obtaining a license. The group has decided to enter the Japanese online market to tap the 1,500 trillion yen ($US12.4 trillion) in financial assets held by households and to take advantage of the spread of broadband data networks.
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