ING awarded Taiwan International Trade Finance Bank of the Year for second consecutive year

Taipei, Taiwan, 7 July 2025 – ING Taiwan has been awarded Taiwan International Trade Finance Bank of the Year at the 2025 Asian Banking & Finance Wholesale Banking Awards, in recognition of ING’s deep industry knowledge and bespoke offerings that empower Taiwanese businesses to access global markets. This consecutive win reinforces ING’s position as a leading provider of innovative and reliable trade finance services in the region.

Organised annually since 2006, the Asian Banking & Finance Awards celebrate financial institutions that demonstrate outstanding performance, innovation, and client impact across Asia’s dynamic banking landscape.

Sophia Chang, country manager for ING Taiwan, said: “We are honoured to receive this recognition for the second consecutive year. It’s a testament to our team’s expertise and steadfast commitment to connecting businesses across borders while advancing sustainability. At ING, we empower our clients with innovative solutions, strategic insights, and seamless connectivity – helping them navigate global markets with confidence and agility. This achievement underscores our dedication to supporting Taiwanese businesses in forging international partnerships and driving sustainable growth worldwide.”

ING Taiwan: Expanding trade finance nandate to support the AI value chain

Established in Taiwan since 1991, ING Taiwan integrates sector knowledge with trade finance expertise to deliver tailored solutions that reflect the interconnectedness of today’s global value chains.

Serving as a strategic gateway for Taiwanese corporates expanding into Europe, ING Taiwan offers seamless cross-border financial solutions, and specializes in working capital solutions that capture global trade flows – particularly those aligned with the accelerating AI megatrend.

As of 2024, ING maintains a leading market share in Receivables Finance for top-tier corporates, having facilitated USD 4.7 billion in receivables financing, reaffirming its commitment to supporting client’s AI-driven growth initiatives.

Strengthening global connectivity for technology leaders

As one of the key players in sustainable finance, ING has pioneered landmark sustainability deals in Taiwan, particularly in trade financing, extending to the conversion of its trade financing facilities into ESG-linked and green-labelled structures.

One notable example is ING’s support for a leading Taiwanese semiconductor firm in establishing the first-of-its-kind semiconductor ecosystem in Europe. ING facilitated bank guarantees of up to EUR 1 billion, aligning with the EU’s infrastructure framework to boost competitiveness and job creation across the region.

In September 2024, ING Taiwan successfully led the expansion of a Receivables Financing club deal facility from USD 1 billion to USD 2 billion. Structured through domestic and offshore booking units for a leading AI PC/Server manufacturer, the facility strengthens Taiwan’s role as a key hub supporting the client’s global operations. It also enhances nearshoring capabilities, enabling efficient service to regional clients while benefiting from seamless financial services – free from withholding tax implications.

These innovative solutions underscore ING’s unwavering commitment to supporting client growth and sustainability initiatives, further solidifying its pivotal role in shaping Taiwan’s evolving financial services landscape.

ING’s win in Taiwan forms part of a broader regional recognition at this year’s awards, underscoring the strength of its APAC franchise. ING Korea was named South Korea International Trade Finance Bank of the Year for the third consecutive year, recognising its consistent delivery of cross-border working capital solutions for Korean corporates. Meanwhile, ING Philippines was awarded Excellence in Foreign Exchange Solutions and Market Innovation, acknowledging its innovative FX capabilities and growing influence in the Philippine financial markets.