South Korea

ING has added another 'first' to its growing portfolio of sustainable finance deals in the region by sealing the first green loan in ASEAN that is compliant with LMA/APLMA Green Loan Principles for a portfolio of rooftop solar projects.

According to an article in 'The Standard' on 25 March, ING Bank takes a positive view of the overall merger and acquisition market in Asia, given the high availability of capital. "Our outlook is that 2019 will remain robust."

Asia Pacific is at the beginning of a journey that will increasingly see environmental, social and governance factors considered alongside economic drivers when decisions are made by governments, corporates and citizens.

“Sustainability is ingrained in the way we do business at ING. We have been trying to engage our local clients in sustainable finance discussions for some years now. We are excited that these efforts are now finally bearing fruit and look forward to helping Philippine companies in their sustainability journey,” says Hans B. Sicat, country manager of ING Bank in Manila.

According to ING, 2018 was a good year for deal-making in the Philippines. The bank expects to play a more active role in further propelling the growth of the economy.

It seems like a day doesn't go by without a new headline around the growing trade dispute between the US and China. Regardless of if a compromise is reached, or if there's yet further escalation of tariffs, the rivalry between the two superpowers looks set to define the first half of the 21st century. ING's senior economist Carsten Brzeski discusses.

ING and Korea Housing Finance Corporation (KHFC) have worked together to deliver the inaugural social covered bond in Asia. KHFC is a state-run enterprise responsible for enhancing the welfare of people and national economic development by supporting the Korean government’s housing welfare policy.

Helping clients aiming to solve today’s environmental challenges, ING Bank recently arranged the first 10-year local currency green bond issuance from Southeast Asia, denominated in Philippine peso, for Sindicatum Renewables.

ING has acted as the joint green loan coordinator of the newly announced SGD 1.2 billion term loan to an indirect wholly-owned subsidiary of Frasers Property Limited. The net proceeds of this loan will be used to refinance existing loans relating to the development of Frasers Tower, a new 38-storey premium office and retail development.

ING Bank announced the appointment of Yuanyuan Liu as branch manager of ING Bank Beijing, effective 1 August 2018.

With the battle against climate change now being waged on a global scale, sustainable finance emerges as one of the ways to go forward.

China has retaliated to US plans to impose tariffs on its goods. Stock markets have fallen after this tit-for-tat action. So, where are we and what's likely to happen next? Watch the video.

Instead of unleashing a trade war against China and criticising European trade policies, US workers would be better off if Trump adopted European-style labour policies, says ING's economist Raoul Leering.

Four scenarios for how trade wars could unfold and how costly a global trade war would be for major economies - as well as the implications for the US dollar and global risk sentiment.

According to President Trump, the US trade deficit is the result of unfair trade policies by other countries. In his view, there isn't a level playing field between the US and many of its trading partners. Read ING's analysis.

ING has acted as the Sustainability Coordinator of Olam International Limited’s USD 500m sustainability-linked revolving credit facility, which is linked to its sustainability programme.

Like the rest of the world, Asia expanded solidly last year while inflation was largely subdued. Will these trends continue in 2018 and beyond?

ING has partnered Wilmar International Limited on its first sustainability performance-linked loan in Asia. Wilmar will convert a portion of its existing bilateral, committed revolving credit facility with the bank into a sustainability performance-linked loan.

ING continues to strengthen its China coverage with the appointment of Arthur Zou as branch manager of ING Bank Shanghai, effective 1 November 2017.

ING announces the appointment of Eddy Henning as head of Corporate Client Coverage, Transaction Services and Corporate Finance Asia as of 1 January 2018.

Global Finance magazine has announced the winners of its World’s Best Global Banks 2017 Awards, where for the first time ever it has named the Best Bank in the World. The winner is ING.

Hans B. Sicat, former president and CEO of the Philippine Stock Exchange, Inc. (PSE), has been appointed country head of ING Philippines, effective 16 November 2017.

ING has appointed Rob Carnell as chief economist and head of Research Asia-Pacific to succeed Tim Condon, effective 1 July 2017.

ING announces the retirement of Manuel R. Salak III (Manolet), head of Client Coverage and Corporate Finance in Asia. Manolet will return to Manila and act as senior advisor to the Philippine office effective 1 July 2017.

Collective brings together funding partners ING Bank, Credit Suisse, FMO and the UNDP-UN Social Impact Fund to finance sustainability projects in Asia.