Dietrich Voigtländer New Employee Relations Director of WestLB

Dietrich Voigtländer New Employee Relations Director of WestLB
The Supervisory Board today appointed Dietrich Voigtländer Employee Relations Director of WestLB AG with immediate effect. Dietrich Voigtländer has responsibility on the Managing Board for the Transaction Banking, IT and Services Division. In his new function he assumes additional responsibility for the Human Resources Division.
As Employee Relations Director, […]

Notification of the Supervisory Board of WestLB AG

Notification of the Supervisory Board of WestLB AG
The Supervisory Board discussed in detail the considerations of the Managing Board regarding the Omega Project. Supervisory Board and Managing Board are agreed that a consolidation in the Landesbank sector is necessary and that a renewed ring-fencing of assets off the balance sheet of WestLB may then be […]

ING issues USD 2 billion guaranteed bond

ING issues USD 2 billion guaranteed bond
ING Bank announced today that it has placed a 5 year USD denominated government guaranteed senior unsecured bond issue. The issue of USD 2 billion was done under the Credit Guarantee Scheme of the State of the Netherlands and is part of ING Bank’s regular medium-term funding […]

ING to appoint Patrick Flynn as Chief Financial Officer

ING to appoint Patrick Flynn as Chief Financial Officer
ING announced today that the Supervisory Board intends to nominate Patrick Flynn (1960, Irish) for appointment to the Executive Board at the annual General Meeting of Shareholders of 27 April 2009. Upon appointment Patrick Flynn will become the new Chief Financial Officer of ING.
Patrick Flynn […]

ING issued a EUR 4 billion guaranteed bond

ING issued a EUR 4 billion guaranteed bond
ING Bank announced today that it has placed a 5 year EUR 4 billion government guaranteed senior unsecured bond issue. The issue of EUR 4 billion was done under the Credit Guarantee Scheme of the State of the Netherlands and is part of ING Bank’s regular […]

ING to end F1 sponsoring programme after 2009 season

ING to end F1 sponsoring programme after 2009 season
In light of the recently announced cost reduction programme, ING confirmed today not to renew the three year sponsorship (2007-2009) contract with Renault F1 and to end its presence in F1 beyond the 2009 season.
ING’s participation in Formula 1 was the company’s first global sponsorship […]

ING closes sale of Taiwanese life insurance business to Fubon Financial Holding

ING closes sale of Taiwanese life insurance business to Fubon Financial Holding
ING announced today that it has closed the sale of its Taiwanese life insurance business to Fubon Financial Holding Co. Ltd. (“Fubon Financial Holding”), a leading diversified Taiwanese financial services company.
As announced on 20 October 2008, the divestment is in line with […]

ING successfully issues USD 6 billion guaranteed bond

ING successfully issues USD 6 billion guaranteed bond
ING Bank announced today that it has successfully placed 3 year USD denominated government guaranteed senior unsecured bonds. The issue of USD 6 billion was done under the Credit Guarantee Scheme of the Netherlands and is part of ING Group’s regular medium-term funding operations
The issue follows […]

Michel Tilmant to step down as CEO of ING Group; Jan Hommen to be appointed as new CEO

Michel Tilmant to step down as CEO of ING Group; Jan Hommen to be appointed as new CEO
ING announced today that in light of the extraordinary developments over the past few months and given his personal condition, Michel Tilmant will step down from the Executive Board as of today. Michel Tilmant will be […]

ING update on results and measures to reduce risk and costs

ING update on results and measures to reduce risk and costs
ALL DATA BASED ON PRELIMINARY AND UNAUDITED FIGURES
YEAR 2008 UNDERLYING NET RESULT EXPECTED AROUND EUR -0.4 BILLION
* Full year 2008 net result expected of EUR -1.0 billion after divestments and special items
* Banking underlying net […]