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SearchThe bank plans to launch its private banking service on October 28, 2026, with a minimum of €500,000 invested, and open a business banking division in 2027.
ING plans to launch its private banking service in Spain on October 28, 2026, according to Alfonso Tolcheff, CEO of ING Spain and Portugal. The bank will begin operations with 35 specialist bankers and expects to expand the team to 40 before the end of the year.
The bank has set the minimum amount required to access the service at €500,000 invested with ING. It expects to serve around 5,000 customers through this division, although the figures announced are launch projections, not results already achieved.
The announcement coincides with the opening of a new ING office in Plaza de Colón, Madrid. The space will combine services for individuals with private and corporate banking, in a model that adds a physical presence to the bank’s digital offering. Tolcheff described the office as a meeting point for customers and said the bank aims to be close to them when they need advice.
ING’s next announced phase is business banking, scheduled to launch in 2027. The offering would initially target self-employed workers and microbusinesses. In addition to accounts and savings, it could include services related to accounting, invoices, collections, payments, and administrative management. The available information does not yet detail the terms or the definitive range of services.
The expansion follows ING’s acquisition of a 40% stake in Singular Bank. According to published information, the intention is for both entities to operate independently, while collaborating and being able to refer customers to one another when their needs or financial profile are a better fit for the other entity’s offering.
With these plans, ING is expanding its activities in two distinct segments: wealth management, with an announced access threshold, and services for businesses, which have yet to launch. The dates, team sizes, and customer figures correspond to the bank’s announcements and expectations; they do not constitute an investment recommendation or guarantee results.
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