US commercial lending: ING chases ‘huge opportunities’ in US
14 September 2015
... min read
14 September 2015
Foreign banks can tap energy boom; infrastructure and agriculture also in focus.
ING, once known for its insurance and online banking in the US, is aiming to become a leading commercial lender in the country’s energy, infrastructure and agriculture sectors. It has opened an office in Chicago, adding to its locations in Los Angeles, Atlanta, New York, Houston and Dallas.
Bill Connelly, chief executive of ING Commercial Banking, says: "We see huge opportunities in the US and are growing our business. [Not only have] we opened offices in Chicago, but we are starting with Commodity Trade Finance in New York – a business we are very familiar with and have been doing for a long period.