November 26, 2014 2:59 AM ET

Banks

Company Overview of ING Bank (Australia) Limited

Company Overview

ING Bank (Australia) Limited provides banking and related services in Australia. It operates through Mortgages, Savings, and Commercial Loans segments. The company provides everyday bank accounts; savings accounts and term deposits; and home loan products, including variable home, fixed home, line of credit home, construction, and commercial loans. It also offers business products comprising business savings accounts, business term deposits, commercial mortgages, and commercial property finance. The company was incorporated in 1971 and is headquartered in Sydney, Australia. ING Bank (Australia) Limited operates as a subsidiary of ING Bank N.V.

140 Sussex Street

Level 14

Sydney, NSW 2000

Australia

Founded in 1971

982 Employees

Phone:

61 2 9028 4000

Fax:

61 2 9028 4708

Key Executives for ING Bank (Australia) Limited

Chief Executive Officer
Age: 58
Chief Financial Officer
Chief Operating Officer
Age: 48
Vice-Chairman of Management Board and Chief Executive Officer of Commercial Banking
Age: 62
Chief Executive Officer of ING Group
Age: 71
Compensation as of Fiscal Year 2014.

ING Bank (Australia) Limited Key Developments

Six Big Banks May Bid For ING Mortgage Portfolio

Macquarie Group Limited (ASX:MQG) and Bank of Queensland Ltd. (ASX:BOQ) along with four other banks are thought to be the most likely bidders for third tranche of AUD 1.5 billion mortgage portfolio.

ING Direct To Reportedly Sell AUD 1.5 Billion In Mortgages

ING Bank (Australia) Limited is placing a third portfolio of mortgages worth about AUD 1.5 billion on the market, sources say.

ING Direct Australia Promotes Andrew Henderson to Global Role

ING Direct Australia's chief information officer, Andrew Henderson, has been promoted to a global role. Henderson will move to Amsterdam in September, where he will report to the company's global CIO, Ron van Kemenade. He will be responsible for the bank's security and for the management of its global IT infrastructure.

Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
September 5, 2014
ING Bank (Australia) Limited, AUD 1.5 Billion Loan Portfolio
 

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To contact ING Bank (Australia) Limited, please visit www.ingdirect.com.au. Company data is provided by Capital IQ. Please use this form to report any data issues.

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