OREANDA-NEWS. Today, William Connelly, CEO of ING Commercial Banking, will address the ING Benelux Conference in New York.

In his presentation, William Connelly will demonstrate ING Commercial Banking’s strategy and its significant contribution to the overall results of ING Bank. In the first quarter of 2013 ING Commercial Banking contributed almost 50% of the total Bank pre-tax profit and it is on track to reach a sustainable Return on Equity of at least 13% by 2015.

ING Commercial Banking’s strategy is aimed at further strengthening of client relationships and realising attractive returns by building on its leadership positions in core markets and products and by optimising its client coverage and service model. Furthermore, ING Commercial Banking will continue to invest and to grow its market share in product capabilities, particularly in Transaction Services, and leverage its network spanning over 40 countries for increased international flows.

William Connelly will also elaborate on ING’s strong Industry Lending business which consists in large part of Structured Finance. He will highlight ING Commercial Banking’s ability to selectively grow the loan book, particularly in high yielding Structured Finance assets, after ING made major strides in 2012 to optimise the balance sheet and de-risk the investment portfolio. He will also elaborate on ING Commercial banking’s Financial Markets’ well diversified business that provides hedging and financing solutions to corporate and institutional clients.