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July 01, 2015 8:16 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 three segments: Mortgages, Savings, and Commercial Loans. The company offers everyday bank accounts; savings products; and home loans, including variable and fixed rate home, line of credit, construction, and commercial loans. It also provides business products comprising business term deposits, commercial mortgages, and commercial property finance, superannuation products and services. The company was incorporated in 1971 and is based in Sydney, Australia. ING Bank (Australia) Limited is a subsidiary of ING Bank N.V.

140 Sussex Street

Level 14

Sydney, NSW 2000

Australia

Founded in 1971

1,019 Employees

Phone:

61 2 9028 4000

Fax:

61 2 9028 4708

Key Executives for ING Bank (Australia) Limited

Chief Executive Officer, Director and Member of Risk Committee
Age: 59
Chief Financial Officer
Chief Operating Officer
Age: 49
Vice-Chairman of Management Board and Chief Executive Officer of Commercial Banking
Age: 63
Chief Executive Officer of ING Group, Chief Executive Officer of Banking Operations and Chief Executive Officer of Insurance Operations
Age: 72
Compensation as of Fiscal Year 2015.

ING Bank (Australia) Limited Key Developments

ING Direct Australia Announces Earnings Results for the Full Year 2014

ING Direct Australia announced earnings results for the full year 2014. For the period, the company has increased net profit by more than 9% to $297 million.

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.

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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