Tag: ING Philippines

  • ING Philippines marks 35 years with leadership forum in partnership with ECCP

    ING Philippines marks 35 years with leadership forum in partnership with ECCP

    Three speakers participating in a leadership forum, each holding a microphone and speaking, in a well-lit venue.

    ING Philippines, in collaboration with the European Chamber of Commerce of the Philippines (ECCP), marked its 35th anniversary by hosting a leadership forum titled “Do Your Thing: Lead with Impact” on 15 September 2025 at the Grand Hyatt Manila in Bonifacio Global City.

    The event brought together approximately 100 emerging leaders from the business and finance sectors for a dynamic exchange on modern leadership and strategies for driving organisational success.

    “At ING, we believe in empowering people to go further, do their thing, and create meaningful change,” said Jun Palanca, country manager for ING Philippines.

    “This belief has guided our journey over the past 35 years in the Philippines. Strong leadership is essential to achieving lasting impact, and this forum reflects our commitment to nurturing the next generation of changemakers.”

    The programme featured two key engagement sessions that explored the evolving demands of leadership in today’s dynamic landscape.

    The first session, a fireside chat titled “Do Your Thing: Lead with Impact,” explored the qualities that define effective and transformative leadership. Eugene Acevedo, former president and CEO of RCBC and author of Never Stand Alone; Reinvent and Outperform: Becoming a Better Leader; and The Future Leader: What it Takes to be the Next-gen CEO, shared insights on reinvention, digital advocacy, lifelong learning, and purposeful leadership.

    The conversation was moderated by Lenin Duenas, head of Corporate Sector and Financial Institutions Coverage at ING Philippines, who posed thoughtful questions on delivering results, upholding integrity, and driving positive change across diverse stakeholder groups.

    “Digital transformation is 90% transformational and 10% digital. It should be called Transformation Digital—the other way around,” Acevedo remarked when asked about translating management theories into meaningful business change. “Culture is what matters most. A company cannot be digitally transformed unless it is digitally ready,” he added.

    The second session, a panel discussion titled “Leading Across Generations and Beyond,” brought together emerging leaders to reflect on their leadership journeys and the complexities of inspiring multigenerational teams. Panellists shared strategies for aligning diverse groups around a common purpose and steering the next phase of organisational growth.

    The panel featured Carlo Puno, chief financial officer, treasurer, and chief risk officer of Globe Telecom; Raffy Montemayor, co-founder and director of Salmon Group and chair of Salmon Bank (Rural Bank); Philip Dy, president of Metrobank Foundation and executive director of GT Foundation; and Jessica Sy, vice president and head of Design, Innovation, and Strategy at SM Prime Holdings, Inc. and SM Development Corporation. The session was moderated by Nic Chua, director of Corporate Sector and Financial Institutions Coverage at ING Philippines.

    The event was also graced by the presence of H.E. Marielle Geraedts, ambassador of the Kingdom of the Netherlands to the Philippines, underscoring the strong ties between the Netherlands and the Philippines and the shared commitment to fostering leadership and innovation across borders.

    “We’re proud to partner with ING Philippines for this milestone event,” said Paulo Duarte, president of ECCP. “As the Philippines continues to rise as a strategic market in Asia, cultivating strong leadership across sectors is vital to sustaining inclusive growth and innovation.”

    The forum also marked a significant milestone for ING Philippines, which has been operating in the country since 1990. ING became the first foreign bank to secure a universal banking licence in the Philippines in 1996, and over the past three decades has established itself as one of the country’s most respected financial institutions. To date, ING has facilitated 194 capital market transactions worth over USD 28 billion and provided advisory services for more than 80 mergers and acquisitions valued at USD 35 billion.

  • ING Philippines wins Asian Banking & Finance Award for Excellence in Foreign Exchange Solutions and Market Innovation

    ING Philippines wins Asian Banking & Finance Award for Excellence in Foreign Exchange Solutions and Market Innovation

    ING Philippines has been recognised for Excellence in Foreign Exchange (FX) Solutions and Market Innovation at the 2025 Asian Banking & Finance Wholesale Banking Awards, underscoring the bank’s leadership in delivering sophisticated FX strategies tailored to the Philippine market.

    Organised annually since 2006, the Asian Banking & Finance Awards celebrate financial institutions that demonstrate outstanding performance, innovation, and client impact across Asia’s dynamic banking landscape.

    Jun Palanca, country manager for ING Philippines, said: “For over 30 years, ING has been a trusted financial partner to Philippine corporates and institutions. This recognition highlights the value we bring to clients seeking tailored FX solutions that align with their business strategies — whether it’s managing long-term currency risk or navigating volatile markets. Our ability to deliver bespoke, end-to-end solutions is grounded in a deep sector expertise and a nuanced understanding of the local landscape.”

    ING in the Philippines: Three decades of market leadership

    ING Philippines has maintained a strong presence in the Philippines for over 30 years, becoming one of the first foreign institutions to receive a universal banking license in 1996. Despite operating without a retail footprint, ING re-entered the top 12 FX banks in the country in February 2024, reinforcing its role as a leading player in the wholesale FX market.

    In a market where daily spot FX volumes reach approximately USD 1 billion and forwards USD 500 million, ING Philippines provides a full spectrum of FX solutions — from spot and forward transactions to structured products and long-tenor cross-currency swaps. Its ability to provide onshore liquidity and advanced instruments has been particularly valuable to clients navigating complex currency exposures.

    Innovation and sector expertise

    ING’s FX leadership is grounded in its deep understanding of sector-specific challenges and investment strategies. Since 2010, the bank has supported Philippine insurers with products like Equity Linked Notes (ELNs) and Credit Linked Notes (CLNs) to address their evolving portfolio needs, with FX solutions playing a pivotal role in both structuring and hedging.

    Across sectors including energy and infrastructure, ING combines financial markets expertise with deep industry knowledge to deliver integrated FX solutions. This is further enhanced by its digital trading platforms, risk management tools, and global network — offering clients access to liquidity and insight both locally and internationally.

    ING’s win in the Philippines forms part of a broader regional recognition at this year’s awards, underscoring the strength of its Asia Pacific franchise. ING Korea and ING Taiwan were named Korea and Taiwan International Trade Finance Bank of the Year—for the third and second consecutive year consecutively—in acknowledgment of their proven ability to deliver seamless cross-border working capital solutions for South Korean and Taiwanese corporates.