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Dutch financial services group ING (NYSE: ING) aims to double revenues from its Brazilian banking unit to 100mn euros (US$145mn) in three years, Valor Econômico reported the unit's president, Thomas Lagermann, as saying.
Lagermann said the bank also wants to increase its assets to US$5bn in 2013, from the current US$3bn.
ING's global clients are increasing their presence in Brazil due to the country's strong economic expansion and attractive growth prospects for the coming years, he said.
The banking unit also plans to boost its presence in the M&A and project finance segments, Lagermann said.