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.
The full presentation by William Connelly can be
viewed/downloaded via ING's corporate website
www.ing.com/presentations or via http://www.slideshare.net/ING.
Note for editors
For further information on ING, please visit www.ing.com.
Frequent news updates can be found in the Newsroom or via the
@ING_news twitter feed. Photos of ING operations, buildings and its
executives are available for download at Flickr. Video is available
on YouTube. Footage (B-roll) of ING is available via
videobankonline.com, or can be requested by emailing
info@videobankonline.com. ING presentations are available at
SlideShare.
For convenient access to the latest financial information and
press releases both online and offline, download the ING Group
Investor Relations and Media app for iOs on the Apple Store or for
Android on Google Play.
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ING Group Investor Relations |
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ING Profile
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.
Important legal
information 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. Any forward-looking statements made by or on
behalf of ING speak only as of the date they are made, and, ING
assumes no obligation to publicly update or revise any
forward-looking statements, whether as a result of new information
or for any other reason. This document does not constitute an offer
to sell, or a solicitation of an offer to buy, any securities. |
This announcement is not for release, publication or
distribution, in whole or in part, directly or indirectly, in or
into the United States, Australia, Canada, Japan or any
jurisdiction into which the publication or distribution would be
unlawful. This announcement is for information purposes only and
does not constitute an offer to sell or issue or the solicitation
of an offer to buy or acquire shares in the capital of NN Group in
the United States, Australia, Canada, Japan or any jurisdiction in
which such offer or solicitation would be unlawful or require
preparation of any prospectus or other offer documentation or would
be unlawful prior to registration, exemption from registration or
qualification under the securities laws of any such jurisdiction.
Any failure to comply with these restrictions may constitute a
violation of the securities laws of such jurisdictions. The Placing
Shares have not been and will not be registered under the United
States Securities Act of 1933, as amended ("Securities Act"), and
may not be offered, sold or transferred, directly or indirectly,
within the United States except pursuant to an exemption from, or
in a transaction not subject to, the registration requirements of
the Securities Act and the securities laws of any state or other
jurisdiction of the United States. No public offering of the shares
referred to in this announcement is being made in the United States
or elsewhere.
This announcement has been issued by, and is the sole
responsibility, of ING Group. No representation or warranty,
express or implied, is or will be made as to, or in relation to,
and no responsibility or liability is or will be accepted by Morgan
Stanley, Deutsche Bank and ING Bank (collectively, the "Managers")
or by any of their respective affiliates or agents as to or in
relation to, the accuracy or completeness of this announcement or
any other written or oral information made available to or publicly
available to any interested party or its advisers, and any
liability therefore is expressly disclaimed.
The distribution of this announcement and the offering of the
Placing Shares in certain jurisdictions may be restricted by law.
No action has been taken by ING Group or the Managers that would
permit an offering of such shares or possession or distribution of
this announcement or any other offering or publicity material
relating to such shares in any jurisdiction where action for that
purpose is required. Persons into whose possession this
announcement comes are required by ING Group and the Managers to
inform themselves about, and to observe, any such restrictions.
ING Group has not authorized any offer to the public of
securities in any Member State of the European Economic Area. With
respect to any Member State of the European Economic Area and which
has implemented the Prospectus Directive other than the Netherlands
(each a "Relevant Member State"), no action has been undertaken or
will be undertaken to make an offer to the public of securities
requiring publication of a prospectus in any Relevant Member State.
As a result, the securities may only be offered in Relevant Member
States (i) to any legal entity which is a qualified investor as
defined in the Prospectus Directive; or (ii) in any other
circumstances falling within Article 3(2) of the Prospectus
Directive. For the purpose of this paragraph, the expression "offer
of securities to the public" means the communication in any form
and by any means of sufficient information on the terms of the
offer and the securities to be offered so as to enable the investor
to decide to exercise, purchase or subscribe for the securities, as
the same may be varied in that Member State by any measure
implementing the Prospectus Directive in that Member State and the
expression "Prospectus Directive" means Directive 2003/71/EC (and
amendments thereto, including Directive 2010/73/EU, to the extent
implemented in the Relevant Member State), and includes any
relevant implementing measure in the Relevant Member State.
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).
The price of shares and the income from them may go down as well
as up and investors may not get back the full amount invested on
disposal of the shares. Past performance is no guide to future
performance and persons who require advice should consult an
independent financial adviser.
The Placing Shares to be offered pursuant to the Placing will
not be admitted to trading on any stock exchange other than to
Euronext Amsterdam. Neither the content of the Company's website
nor any website accessible by hyperlinks on ING Group's website is
incorporated in, or forms part of, this announcement.
pdf version of press release
http://hugin.info/130668/R/1950963/709419.pdf
HUG#1950963
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