ING Bank (Australia) Ltd - Company Profile
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ING Bank (Australia) Ltd (INGBAL) is the Australian subsidiary of ING Groep N.V. which is a provider of banking and related financial services. Adequate liquidity, broad product portfolio, and non-interest income are a few of its key strengths, even as its cost-efficiency could be a cause for concern. Growing markets for payments channel in Australia, short-term economic outlook in Australia, and emergence of FinTech may offer significant growth opportunities to the bank. However, operational risks, risks related to online identity theft and hacking, and emergence of neobanks may affect the growth of the bank.
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