AMSTERDAM, Netherlands, Sept. 10, 2015 (GLOBE NEWSWIRE) -- William Connelly, ING's Global Head of Commercial Banking, addresses international analysts and investors at the ING Benelux Conference in London today. He elaborates on the solid performance of ING's Commercial Bank that contributed 42% to ING Bank's 2015 first half year's profit on the back of a consistent strategy and a strong client franchise.
William Connelly explains how ING's Think Forward strategy is translated into the Commercial Bank. In this context he will elaborate on the ongoing transformation programme that focuses on delivering a digital experience to ING's corporate clients, including the launch of the digital 'Inside Business' platform, a new service model and increased standardisation to deliver seamless service to clients.
He also talks about ING Commercial Banking's well diversified lending portfolio and discuss several business segments including Industry Lending and Transaction Services. ING's Industry Lending business combines specialist knowledge of industries like International Trade and Export, Energy, Transport, Infrastructure and Real Estate, and strong risk management capabilities with on the ground presence and a large international network to support local and global clients. William Connelly also provides information on ING's investments in Transaction Services, including innovations focused at offering a simplified and harmonised way of working for ING's Payments Services' clients and the investments in Working Capital Solutions.
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ING is a global financial institution with a strong European base, offering banking services through its operating company ING Bank and holding a significant stake in the listed insurer NN Group NV. The purpose of ING Bank is empowering people to stay a step ahead in life and in business. ING Bank's more than 52,000 employees offer retail and commercial banking services to customers in over 40 countries.
ING Group shares are listed (in the form of depositary receipts) on the exchanges of Amsterdam (INGA NA, ING.AS), Brussels and on the New York Stock Exchange (ADRs: ING US, ING.N).
Sustainability forms an integral part of ING's corporate strategy, which is evidenced by ING Group shares being included in the FTSE4Good index and in the Dow Jones Sustainability Index (Europe and World) where ING is the industry leader in the diversified financials group.
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Certain of the statements contained in this document are not historical facts, including, without limitation, certain statements made of future expectations and other forward-looking statements that are based on management's current views and assumptions and involve known and unknown risks and uncertainties that could cause actual results, performance or events to differ materially from those expressed or implied in such statements. Actual results, performance or events may differ materially from those in such statements due to, without limitation: (1) changes in general economic conditions, in particular economic conditions in ING's core markets, (2) changes in performance of financial markets, including developing markets, (3) consequences of a potential (partial) break-up of the euro, (4) ING's implementation of the restructuring plan as agreed with the European Commission, (5) changes in the availability of, and costs associated with, sources of liquidity such as interbank funding, as well as conditions in the credit markets generally, including changes in borrower and counterparty creditworthiness, (6) the frequency and severity of insured loss events, (7) changes affecting mortality and morbidity levels and trends, (8) changes affecting persistency levels, (9) changes affecting interest rate levels, (10) changes affecting currency exchange rates, (11) changes in investor, customer and policyholder behaviour, (12) changes in general competitive factors, (13) changes in laws and regulations, (14) changes in the policies of governments and/or regulatory authorities, (15) conclusions with regard to purchase accounting assumptions and methodologies, (16) changes in ownership that could affect the future availability to us of net operating loss, net capital and built-in loss carry forwards, (17) changes in credit-ratings, (18) ING's ability to achieve projected operational synergies and (19) the other risks and uncertainties detailed in the risk factors section contained in the most recent annual report of ING Groep N.V.
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In the Netherlands the Placing Shares are not and may not be offered other than to persons or entities who or which are qualified investors (gekwalificeerde beleggers) as defined in Section 1:1 of the Dutch Financial Supervision Act (Wet op het financieel toezicht).
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pdf version of press release http://hugin.info/130668/R/1950963/709419.pdf