read the 2015 Annual review
Expanding the network
ING not only strengthened its digital presence and offering, but also invested in its network to serve clients better and to seize growth opportunities in different geographies.
In 2015, Wholesale Banking added Chicago to its existing US locations in Los Angeles, Atlanta, New York, Houston and Dallas.
Wholesale Banking also initiated trade commodity finance services from its New York office, a business ING has extensive experience in. The Bank sees exciting opportunities in the US and is growing its business there.
In addition to the US, Wholesale Banking is expanding and strengthening its network and presence to support clients in China, Colombia, Sweden, Kazakhstan and India. In Seoul, South Korea, the Bank is planning to open a Securities branch to expand its product and client coverage into capital markets.
Wholesale Banking also made progress in developing new businesses that support clients and add a valuable source of fee income. For example, it launched a High-Yield Bond initiative, aimed at European non-investment grade clients. This helps make ING more resilient in the face of growing disintermediation in the European funding market, and allows it to tap into the growing high yield business.