ING succeeds at banking awards

ING has received prestigious banking awards for its activities in European supply chain management and treasury & cash management. The awards by TMI and Global Finance magazines pointed to our continued success in Western and Central & Eastern Europe, and to our strengths in supply chain finance and working capital solutions.

Main image, from left to right: Oliver Petersen, head of Supply Chain Finance, ING; Fabrice Legoux, Director, Operational Finance, Liberty Global; Razvan Coarca, manager Operational Finance, Liberty Global; Robert O’Donoghue, global head of Working Capital Solutions, ING; Panos Chavenetidis, analyst Operational Finance, Liberty Global

The awarded categories at the TMI Awards for Innovation and Excellence were in Best Bank in Financial Supply Chain Management for Western Europe and Best Bank in Payments & Collections for Central & Eastern Europe. Global Finance magazine awarded ING with Best Supply Chain Provider in Central & Eastern Europe and as Best Trade Finance Bank in the Netherlands and in Romania. In separate categories, it was also named the world’s Best Treasury & Cash Management Provider in Netherlands and Belgium.

In its submissions, ING highlighted the differentiating experience offered by its integrated and multidisciplinary team approach and its strong presence in both regions.  It also described the enhanced features of its solutions in terms of automation, web-based tools and security.

Accolades for payments & collections and supply chain solutions in Europe

“We are delighted to announce ING’s continued success in TMI’s annual Awards for Innovation and Excellence,” said TMI CEO and publisher Robin Page. “2014 marked their continued success in the Eastern European cash management arena. This year, ING won the newly titled award of Best Bank for Payments & Collections in Eastern Europe, this was in addition to the award for Best Bank for Financial Supply Chain Solutions in Western Europe. We also recognised ING’s strength in delivering solid and reliable working capital solutions within our Corporate Recognition awards, with their customer Liberty Global winning an award for their working capital management solution which is provided by ING.” 

GF award photo

Joseph Giarraputo, publisher and editorial director, Global Finance, and Juultje van Wijk, global head of Sales, Transaction Services, ING

 

According to Joseph D. Giarraputo, publisher and editorial director of Global Finance: “Dutch bank ING says its supply chain finance volumes increased by 100 percent in 2014. In 2012 its trade and corporate receivables businesses and payables SCF solutions were integrated under working capital solutions, which provides an all-encompassing suite of solutions including payments, liquidity and trade to address companies' working capital needs. The bank maintains satellite SCF teams in Poland, Romania and Russia.”

 

More about the Global Finance SCF Awards

More about the TMI Awards

More about the supply chain financing programme ING implemented at Liberty Global