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Dutch bank ING has announced that it will propose to its 2024 AGM on 22 April the appointment of Deloitte as its next external auditor for a term of four years, commencing on 1 January 2026.
The news comes as under European and Dutch legislation, ING is required to change its auditor at regular intervals.
The nomination of Deloitte is the result of a “thorough” tender process overseen by the audit committee of the supervisory board and in accordance with the ING group policy on auditors independence.
ING maintained that the audit of the 2023, 2024 and 2025 annual accounts will still be performed by KPMG, who has been the bank’s auditor since January 2016 and will have reached the legally set maximum duration of 10 years at the end of 2025.
