{"id":129710,"date":"2017-11-09T00:58:41","date_gmt":"2017-11-09T05:58:41","guid":{"rendered":"https:\/\/canadianinquirer.net\/v1\/?p=129710"},"modified":"2017-11-09T00:58:41","modified_gmt":"2017-11-09T05:58:41","slug":"ing-bank-manila-focuses-on-closing-more-market-deals","status":"publish","type":"post","link":"https:\/\/canadianinquirer.net\/v1\/2017\/11\/09\/ing-bank-manila-focuses-on-closing-more-market-deals\/","title":{"rendered":"ING Bank Manila focuses on closing more market deals"},"content":{"rendered":"
\"The<\/a>
The new ING Bank Manila chief, who would assume his post starting November 16 this year in lieu of former ING Bank Manila head Consuelo Garcia, said the Philippines is a priority country of ING in Asia. (Photo By: ING Nederland – https:\/\/www.flickr.com\/photos\/ingnl\/7002671255\/, CC BY-SA 2.0<\/a>)<\/figcaption><\/figure>\n

MANILA – – Dutch financial giant ING Bank, N.V. targets to focus on having more market deals starting this year to take advantage of the sustained robust growth of the Philippine economy.<\/p>\n

In a briefing Wednesday, new ING Bank Country Manager Hans B. Sicat said more opportunities are expected partly due to the government\u2019s intensified program on infrastructure.<\/p>\n

\u201cIn ING we want to do more market deals. More than the capital market deals you all see us bring to fore,\u201d he said.<\/p>\n

The new ING Bank Manila chief, who would assume his post starting November 16 this year in lieu of former ING Bank Manila head Consuelo Garcia, said the Philippines is a priority country of ING in Asia.<\/p>\n

He said they are optimistic not only for the conglomerates but the growing companies as well that are involved in the consumer and retail sectors, among others.<\/p>\n

He said a number of conglomerates, for one, are reviewing their portfolio and how to maximize their value for their stakeholders and take advantage of opportunities.<\/p>\n

He said another focus is on companies that are into renewable energy (RE), which accounts for 58 percent of ING\u2019s project financing deals in 2016.<\/p>\n

\u201cClearly, the government\u2019s focus on infrastructure should be a good thing for the economy in general. That gives you a clue on opportunities for financing,\u201d he said.<\/p>\n

The incoming ING Bank Manila chief said this development creates opportunities for project financiers.<\/p>\n

Since starting its domestic operations in 1990, ING has arranged 87 mergers and acquisition (M&A) deals amounting to around USD26 billion as well as 117 capital market transactions reaching more than USD28 billion.<\/p>\n

“We need to strongly demonstrate this strength to our clients, particularly to up-and-coming conglomerates that need our service to grow bigger,” Sicat said.<\/p>\n

Garcia, during the same briefing, said ING is not new to infrastructure financing deals, noting that the financial institution is strong on this in Europe.<\/p>\n

\u201cWhat we see to be our role is connecting our clients and getting them aware of the requirements not just here but in Asia,\u201d she said.<\/p>\n

Garcia said some of these projects need joint venture (JVs) because they are big, thus, the opening for private sector participation.<\/p>\n","protected":false},"excerpt":{"rendered":"

MANILA – – Dutch financial giant ING Bank, N.V. targets to focus on having more market deals starting this year …<\/p>\n","protected":false},"author":33,"featured_media":129712,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[19],"tags":[31997,31996],"class_list":["post-129710","post","type-post","status-publish","format-standard","has-post-thumbnail","category-business","tag-hans-b-sicat","tag-ing-bank-n-v","mauthors-joann-villanueva","mauthors-philippine-news-agency"],"_links":{"self":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/posts\/129710","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/users\/33"}],"replies":[{"embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/comments?post=129710"}],"version-history":[{"count":0,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/posts\/129710\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/media\/129712"}],"wp:attachment":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/media?parent=129710"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/categories?post=129710"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/tags?post=129710"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}