ING Wholesale Banking in the United Arab Emirates / Dubai
ING’s presence in the Middle East dates back to 1978 with business operations through various entities, including BBL and Barings Asset Management. Our wholesale banking operations in the region have been located in Dubai - the Middle East's commercial and financial capital - since 2007, when the first office was opened after obtaining a licence from the Dubai Financial Services Authority.
Our presence in the United Arab Emirates / Dubai
Our Dubai office develops and maintains relationships with corporate clients (mainly sovereign-related), wealth funds and financial institutions in the Gulf Cooperation Council (GCC). We offer local presence which we support with global product expertise and sector knowledge with access to an international network.
Our Dubai team has a comprehensive understanding of the core sectors where ING has recognisable global expertise. Our dedicated and experienced professionals cover transaction services, global financial markets, financial institutions and a number of other corporate sectors. Our local coverage teams are supported by our global product teams so that our clients have access to both our commercial and investment banking products to address their specific needs. We are part of an international network covering the Americas, Europe and Asia and work very closely with ING’s UK Wholesale Banking office in London.
Regulatory status
ING Bank N.V., Dubai Branch is registered in the Dubai International Financial Centre (DIFC) as a Recognized Company and is licensed by the Dubai Financial Services Authority (DFSA) to conduct the financial services of arranging credit and advising on credit, arranging deals in investments; and advising on financial products. We hold a Category 4 license from the DFSA and are licensed to provide financial services only to professional clients, as defined in the DFSA Regulations. We do not provide services to retail clients.