Investments
12Portfolio Exits
3Partners & Customers
2Latest ING Bank News
May 18, 2022
DUTCH financial institution ING Bank NV Philippines has named veteran banker Jun Palanca as head of wholesale banking at its Manila Branch effective May 16, subject to regulatory confirmation. In a statement, ING said Palanca will report to Anju Abrol, ING’s head of Wholesale Banking Asia Pacific and Hans B. Sicat, country head of ING in the Philippines. “With a solid history in the Philippines that goes back to 1990, ING has a strong position in the country’s M&A [mergers and acquisitions], corporate advisory and capital markets,” Abrol was quoted in the statement as saying. “As head of wholesale banking [in the] Philippines, Palanca will be responsible for continuing our business momentum by executing the pillars of our Asia Pacific strategy to leverage ING’s global network, deepen our client relationships and strengthen our position as the ‘go-to bank’ for sustainable finance.” Palanca was quoted in the statement as saying he is “looking forward to working with the strong team that we have at ING. “The economic recovery in the Philippines presents a huge potential for our clients and we are committed to work hand-in-hand with them to tap into the market opportunities,” he added. ING offers both retail and wholesale banking services in Australia. The bank started its digital banking platform in the Philippines in 2018.
ING Bank Investments
12 Investments
ING Bank has made 12 investments. Their latest investment was in ZonnepanelenDelen as part of their Series A on April 4, 2022.
ING Bank Investments Activity
Date | Round | Company | Amount | New? | Co-Investors | Sources |
---|---|---|---|---|---|---|
4/7/2022 | Series A | ZonnepanelenDelen | $21.65M | Yes | DOEN Participaties, and Obton | 1 |
10/6/2021 | Debt | Zzoomm | $135.88M | Yes | 1 | |
6/23/2021 | Line of Credit - VII | Gunvor Group | $830M | Yes | Abu Dhabi Commercial Bank, Arab Petroleum Investments Corporation, Attijariwafa Bank, Bank of Tokyo-Mitsubishi UFJ, China CITIC Bank, Commerzbank, DBS Bank, Emirates NBD, First Abu Dhabi Bank, Mizuho Bank, National Bank of Fujairah, Natixis, OCBC Bank, Rabobank, SMBC Capital, Societe Generale Group, Sumitomo Mitsui Trust Holdings, and Taichung Commercial Bank Securities | 1 |
3/29/2021 | Loan - II | |||||
3/23/2021 | Seed VC |
Date | 4/7/2022 | 10/6/2021 | 6/23/2021 | 3/29/2021 | 3/23/2021 |
---|---|---|---|---|---|
Round | Series A | Debt | Line of Credit - VII | Loan - II | Seed VC |
Company | ZonnepanelenDelen | Zzoomm | Gunvor Group | ||
Amount | $21.65M | $135.88M | $830M | ||
New? | Yes | Yes | Yes | ||
Co-Investors | DOEN Participaties, and Obton | Abu Dhabi Commercial Bank, Arab Petroleum Investments Corporation, Attijariwafa Bank, Bank of Tokyo-Mitsubishi UFJ, China CITIC Bank, Commerzbank, DBS Bank, Emirates NBD, First Abu Dhabi Bank, Mizuho Bank, National Bank of Fujairah, Natixis, OCBC Bank, Rabobank, SMBC Capital, Societe Generale Group, Sumitomo Mitsui Trust Holdings, and Taichung Commercial Bank Securities | |||
Sources | 1 | 1 | 1 |
ING Bank Portfolio Exits
3 Portfolio Exits
ING Bank has 3 portfolio exits. Their latest portfolio exit was Twisto Payments on May 24, 2021.
Date | Exit | Companies | Valuation Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model. | Acquirer | Sources |
---|---|---|---|---|---|
5/24/2021 | Acquired | 16 | |||
Date | 5/24/2021 | ||
---|---|---|---|
Exit | Acquired | ||
Companies | |||
Valuation | |||
Acquirer | |||
Sources | 16 |
ING Bank Partners & Customers
2 Partners and customers
ING Bank has 2 strategic partners and customers. ING Bank recently partnered with equensWorldline on June 6, 2015.
Date | Type | Business Partner | Country | News Snippet | Sources |
---|---|---|---|---|---|
6/2/2015 | Vendor | Netherlands | ING and Equens partner to launch digital direct debit mandate ING bank has partnered Equens , a cards and payments services processor , in order to provide the e-Mandate service for its corporate customers . | 1 | |
5/16/2007 | Partner |
Date | 6/2/2015 | 5/16/2007 |
---|---|---|
Type | Vendor | Partner |
Business Partner | ||
Country | Netherlands | |
News Snippet | ING and Equens partner to launch digital direct debit mandate ING bank has partnered Equens , a cards and payments services processor , in order to provide the e-Mandate service for its corporate customers . | |
Sources | 1 |
ING Bank Team
9 Team Members
ING Bank has 9 team members, including former Chief Executive Officer, Periklis Dontas.
Name | Work History | Title | Status |
---|---|---|---|
Periklis Dontas | Chief Executive Officer | Former | |
Pieter Louter | Chief Executive Officer | Former | |
Pawel Radzieciak | Chief Financial Officer | Former | |
Nicolas SERRE | Chief Information Officer | Former | |
William Jasien | Executive Vice President | Former |
Name | Periklis Dontas | Pieter Louter | Pawel Radzieciak | Nicolas SERRE | William Jasien |
---|---|---|---|---|---|
Work History | |||||
Title | Chief Executive Officer | Chief Executive Officer | Chief Financial Officer | Chief Information Officer | Executive Vice President |
Status | Former | Former | Former | Former | Former |
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