ING to cut a further 450 jobs as switch to internet banking grows

Financial services group ING said on Wednesday it is to cut a further 450 jobs – 300 in the Netherlands and 150 in Belgium – as more customers switch to online banking.

ING announced the job losses at the presentation of its full year figures. The bank booked net profit of €3.2bn last year, down 22% on 2012. Excluding 2012’s one-off gains from divestments, net profit rose 22% to €3.2bn, the bank said in a statement.

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