Award winning in Mongolia

ING Best Bank in the World 2017 (Global Finance)
ING Global Bank of the Year 2016 (The Banker)
ING Wholesale Banking in

Mongolia

Mongolia holds a mass of natural resources which it exports to the world’s largest consumer of copper and coal, China. Its traditional industries are herding and agriculture; however, after finding extensive mineral deposits, its mining sector is undergoing a boom and attracting a mass surge of foreign investment. Its other main industries include construction and natural fibre (cashmere and wool) manufacturing. Trade with China comprises more than half of Mongolia's total external trade, with China receiving over 90% of the country's exports.

The ING Wholesale Banking arm of the company operates out of a representative office in Ulaanbaatar and provides clients with access to a range of products and services in the areas of project finance, trade and commodity finance and debt capital markets. With an established track record in Mongolia, ING sees opportunities in the following product offerings: international bond issuance, domestic currency credit instruments, project financing & advisory, hard currency private placements, and derivative products linked to commodities and/or MNT. Having a local presence greatly enhances our ability to advise our clients and identify opportunities.

ING Wholesale Banking (WB) professionals help you develop customised investment strategies and offer a full array of banking products and services.
As a dependable source for your banking needs, we deliver innovative banking solutions through a global, multi-product platform that provides you all the advantages that come with working with a large firm.  Why not contact us today and tell us how we can help you.

  • First major foreign bank with a representative office
  • One of the first foreign banks to execute transaction on the Mongolian Stock Exchange
  • Strong sector and product expertise, in particular on natural resources, transportation and financial institutions


ING Best Bank in the World 2017 (Global Finance)

August, 2017

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.

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An interview with Erik Versavel, country representative ING in Mongolia

January, 2017

Mr. Erik Versavel arrived in Mongolia in September 2016 and took the helm as the country representative for ING Bank in Mongolia. Previously, Versavel has held country manager and CEO positions for ING in Ukraine, South Korea, China, and Indonesia. An interview by the American Chamber of Commerce in Mongolia.

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ING Global Bank of the Year 2016 (The Banker)

December, 2016

ING has been awarded as the best bank in the world. This year, ING even won a total of four awards at ‘The Banker’s’ Best Bank Awards 2016. Besides Global Bank of the Year, ING was named Best Bank of the year 2016 in the Netherlands, in Belgium, and in Western Europe.

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ING Bank and Global Initiatives launch Sustainable Finance Collective Asia

November, 2016

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

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World trade: No revival in sight yet

June, 2016

World trade has failed to outpace world GDP since 2012. Sluggish growth of trade is poised to continue for the coming years. Read our report 'World trade: No strong recovery in sight yet.

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Low interest rates boon for infrastructure investments

April, 2016

The prevailing low interest rate environment is a boon for investments in infrastructure projects as they are benefiting from competitive funding and lower financing costs. However, financing costs are just one aspect of infrastructure investments so investors must also look at the internal rate of return (IRR) when evaluating infrastructure projects, explains Erwin Maspolim, ING, in an interview with The Asset.

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European real estate appealing to investors from across Asia

April, 2016

Despite global macro headwinds, uncertainties in domestic economies and the yuan depreciation, Asian investors’ interest in overseas real estate, especially in Europe, remains intact. They continue to seek diversification and yields for their asset and investments globally.

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Products & services in Mongolia

Expand your business (0)

Equity capital markets

Raise equity capital to ensure a smoother cash flow and maintain or expand operations. ING Wholesale Banking can help you.

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Finance your business (0)

Debt capital markets

Increase your capital and broaden your funding solutions by appealing to the debt capital market. ING Wholesale Banking can help.

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Trade and commodities finance

Trade and commodity investing can diversify and stabilise your portfolio to ensure long-term positive gains. ING Wholesale Banking can be of assistance.

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Metals and energy

Structure your metals and energy transactions to maximise returns on investments. ING Wholesale Banking can help.

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Natural resources

Structure your natural resource transactions to maximise returns on investments. ING Wholesale Banking can help.

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Transportation financing

Effective financing for your transportation and logistical needs makes for a more efficient supply chain. ING Wholesale Banking can help you.

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Manage your risks and assets (0)

Excess cash solutions

When your company has excess liquidity and is interested in investing this liquidity in the short-, medium-, or long-term future, ING Wholesale Banking can assist you.

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Commodity hedging solutions

Corporations with an exposure to commodities are confronted daily with price uncertainty in the volatile commodity markets. See how ING WB can help.

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Client clearing services

As an experienced SwapClear member with state-of-the-art infrastructure for clearing on the LCH. Clearnet platform (LCH), ING Bank has all capabilities and the track record to support your transaction, clearing and settlement needs.

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