ING Germany strengthens market position and lays the groundwork for future growth03 February 2023
ING Germany strengthened its market position in the 2022 financial year and once again posted a pre-tax profit of more than 1 billion euros.Press release
ING makes climate progress, calls for collaborative effort
ING today published its annual Climate Report, giving an overview of the progress we are making in climate action. The report provides details on our integrated approach to climate action and outlines how our financing impacts climate change, including steering our loan book towards global net-zero 1.5-degree climate goals, providing green financing and advice to clients and reaching net zero in our own operations.
ING integrates ESG performance in Financial Markets pricing in Germany
ING is the world’s first bank to start a pilot project on embedding ESG criteria in Financial Markets pricing in an automated way. The bank has started this pilot in Germany whereby price quotations no longer depend exclusively on internal credit ratings and profitability ratios, but also on the current ESG performance of corporate customers. The bank is making a start with its automated e-FX trading as part of this pilot project, and other asset classes such as interest rates will follow suit.
Strong financial year 2021: ING Germany continues on growth course
ING Germany scored points with its offerings for private, business and corporate customers and again grew profitably in 2021. In an intensive financial year, the bank benefited from its broad, mainly digital, approach and posted a pre-tax profit of €1.17 billion (2020: €1.04 billion).
Simone Schmidt new Head of Real Estate Finance
As of February 1st Simone Schmidt (46) has been appointed Head of Real Estate Finance Germany, Austria & Czech Republic of ING Germany's corporate banking business Wholesale Banking). She succeeds Sascha Malsy, who starts his new role as Head of Strategic Products within ING.
Change to the Executive Board of ING Germany
Changes to ING's Executive Board in Germany: as of 1 January 2022, Eddy Henning (49) will join the bank's board and will be responsible for Wholesale Banking in the future. He is taking over from Joachim von Schorlemer (64), who will assume the role of Chief Operations Officer (COO) on an interim basis on 1 January 2022.
ING and IDCM advise solar company Enpal on largest financing round to date
ING and IDCM have advised solar power systems provider Enpal on its largest financing round to date. Enpal is a fast-growing company and the first in Germany to provide comprehensive rooftop solar and energy storage solutions to individual homeowners, all via their fully digital platform.
ING acts as Coordinator, Bookrunner and Sustainability Coordinator for Fresenius SE & Co KGaA’s first sustainability-linked transaction
ING acted as Coordinator, Bookrunner and Sustainability Coordinator for Fresenius SE & Co KGaA’s EUR 2 billion multicurrency syndicated revolving credit facility (RCF), making it the first sustainability-linked financial transaction for the global health care company.
ING Germany posts solid annual profit and launches unique securities offering
ING Germany has shown itself to be crisis-proof in a financial year marked by the Corona pandemic and has further strengthened its foundations for profitable growth.
Hines and ING agree about first Green Loan Facility
Hines, the international real estate firm, has secured with ING in Germany the first green loan facility for the Hines European Core Fund (HECF).
The First Sustainability Improvement Loan with DWS in Germany
In Germany ING has originated the first Sustainability Improvement Loan for a residential property with DWS: The interest margin of the €16.5 million loan with a term of 10 years is linked to specific sustainability criteria.
Sascha Malsy new Head of Real Estate Finance
As of December 1, 2020, Sascha Malsy (39) will lead the Real Estate Finance division for Germany, Austria and the Czech Republic. Malsy succeeds Michele Monterosso, who will be developing a new sector as Global Sector Lead for Construction.
ING publishes second progress report on climate alignment
ING today published its second progress report on Terra, ING’s approach to steer its €600 billion lending book in line with the well-below two-degree climate goal of the Paris Agreement.
Comprehensive study shows that high levels of municipal debt lead to active portfolio management and increased use of platforms
The fiscal situation of many German municipalities has eased further in recent years against the backdrop of higher tax revenues and declining interest rates. However, Covid-19 threatens to reverse this trend. When it comes to interest rates and debt management, municipalities see the main challenges as being in the social sector and a lack of tax revenues. An active interest rate and debt management policy is widely used in municipalities for strategic management purposes.
ING issues world’s first €STR loan
ING Wholesale Banking has issued the world’s first loan tied to the new €STR. The loan will be used for the funding of a wind farm project. ING has granted a 19-year bilateral loan to the eco-friendly electricity provider Energiekontor AG, whereby the interest rate is not based on Euribor (Euro InterBank Offered Rate) but rather on the €STR (Euro Short Term Rate) newly developed by the European Central Bank.
ING Germany completes agile transformation with growth in customers and earnings06 February 2020
ING Germany has concluded a year of radical change with strong business results. The bank, which has been operating with completely agile structures and applying agile working methods for several months now, achieved pre-tax earnings of EUR 1.352 billion in 2019 (2018: EUR 1.322 billion).Press release
Germans still love cash, but new methods of payment are on the rise, particularly among younger generations
Compared with their European neighbours, Germans have a particularly strong affinity for cash. A representative survey by ING, however, shows that the use of cash among younger age groups is significantly lower than that of older people across all types of expenditure.
ING finances Greenfield Onshore Wind Farm in France
ING Wholesale Banking has successfully arranged a EUR 73 million project financing for the French wind farm developer Eco Delta, for construction and operation of the 48.4 MW onshore windfarm Maestral. The transaction represents a landmark as representing the largest greenfield onshore wind farm in the South of France of the year.
BayernLB, ING and LBBW place record green promissory note for Porsche
ING, BayernLB and LBBW have arranged a green promissory note for Porsche AG. ING also supported the transaction as a “Green Advisor”. It is the first green promissory note transaction by an automobile manufacturer and at the same time the largest green promissory note to date.
Dürr issues the first ESG-linked Sustainability Schuldschein with ING
On June 18, the machinery and plant manufacturer Dürr AG issued a Euro 200 million Sustainability Schuldschein. The special feature of this type of sustainable financing is that interest rate of the coupon is linked to Dürr Group's sustainability rating.
ING finances the “Aurum” office building in Munich
ING Wholesale Banking and M&G Real Estate have closed another financing of €33.6m (40% LTV) for the modern office building “Aurum” in Munich.
Study 2019 – Public utility bosses express widespread criticism of energy transition policy
The study "Stadtwerke – fit für die Zukunft? 2019" (Municipal utilities – fit for the future? 2019) shows that the regulatory system not only prevents the existing municipal portfolio business from being restructured, but also places obstacles in the way of new business – and thus the future security of many municipal utilities in Germany. If Germany's municipal utilities want to survive in the future, they need to rethink their business models.