Scotiabank Announces Agreement to Purchase ING Direct Canada.

Scotiabank is excited to announce it has reached a definitive agreement to purchase ING DIRECT Canada from Netherlands-based parent ING Group, subject to regulatory approvals.

“ING DIRECT has proven success in meeting the needs of those Canadians who are not looking for the added services, advice and relationships provided by traditional banking channels.  We recognize that success and are committed to keeping this unique platform,” said Rick Waugh, President and CEO of Scotiabank.

ING DIRECT Canada will continue to operate separately and customers will have the same great experience online, on their mobile devices, and through the award-winning contact centres, with the same account numbers and passwords.

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