Australia · Financial institution
ING Bank (Australia) Limited
ING Bank (Australia) Limited is a company incorporated in Australia, with its registered office in Sydney. It is wholly owned by ING Bank N.V., and its ultimate parent is ING Groep N.V. of the Netherlands. Trading as ING, it offers savings and transaction accounts, residential mortgages, consumer lending, business lending and wholesale banking in Australia. In September 2026 APRA imposed licence conditions and additional capital and liquidity requirements after the bank self-reported miscalculations of its Liquidity Coverage Ratio.
Licences and registrations
Matched by LEI on the 22 tracked registers
None matched by LEI in the 22 tracked registers.
- The tracked registers cover payment, e-money, crypto and money-service firms in 37 countries. Bank licences from national supervisors are not tracked.
Regulatory status
FSB · global systemically important banks
2025 list
- G-SIB
- ING
- Relation
- In a G-SIB groupGLEIF records a G-SIB entity as this legal entity’s ultimate parent. The bucket applies to the group, and membership does not make this entity a bank.
- Bucket
- 1 of 5 · extra capital buffer 1.0% of risk-weighted assets
- On the list since
- 2011
Swift network
Swift’s ISO 9362 BIC directory
- BIC
- INGBAU2SXXX head office
- Connection to Swift
- Connected to SwiftThis BIC is registered as a live address on the Swift network. The institution sends and receives Swift messages under INGBAU2S directly.
- Swift GPI
- Not on the member list
- Payment schemes and systems
- No entry in the EPC registers, the ECB T2 and TIPS lists or the SIX Bank Master cites this BIC
- Branch codes
- 1 branch code
- BIC first registered
- 1995-12-02
- Last updated
- 2022-02-14
Overview
Researched 29 Sep 2026 · Sources
Ownership
Group subsidiary
100% ING Bank N.V.
Institution type
Digital bank
Trades as ING
- Standing
- On 3 September 2026 APRA imposed licence conditions on the bank after material breaches of its minimum liquidity requirements. APRA also raised its minimum liquidity requirement and imposed an AUD 50 million operational risk capital add-on. These measures remain in place until the bank completes the required remediation to APRA's satisfaction.
- Ownership
- ING Bank N.V. holds 100% of the bank, and ING Groep N.V. is the ultimate holding company.
- Direct parent
- ING Bank N.V., Netherlands 100%
- Ultimate owner
- ING Groep N.V., Netherlands
- Head office
- Level 28, 60 Margaret Street, 2000 Sydney, Australia
- Company register
- ABN 24 000 893 292 (AFSL and Australian Credit Licence 229823)
Business lines
According to its 2025 annual report, retail mortgages made up AUD 72.3 billion of AUD 86.6 billion in gross loans, with wholesale and business banking loans making up most of the rest.
Online
- Websites & references
- ing.com.au ↗
newsroom.ing.com.au ↗ media newsroom
helphub.ing.com.au ↗ customer help centre
Wikipedia ↗
Wikidata Q22031704 ↗ - Official social accounts
- LinkedIn ↗ · X ↗ · Facebook ↗ · Instagram ↗ · YouTube ↗ · TikTok ↗
Sources · 9 pages consulted
- ing.com.au/
- ing.com.au/about-us/who-we-are-management.html
- ing.com.au/about-us/who-we-are-company.html
- ing.com.au/assets-lounge/documents/investor-relations/financials/pdf/2025_Annual_Report_ING_Australi
- apra.gov.au/news-and-publications/apra-takes-action-address-material-liquidity-breaches-ing-australia
- newsroom.ing.com.au/ing-australia-responds-to-apras-announcement/
- newsroom.ing.com.au/2026/09/
- ing.com.au/faq-result.html?faqid=7621
- en.wikipedia.org/wiki/ING_Australia
Leadership
Researched 29 Sep 2026 · Sources
- Chief executive
-
Melanie Evans
Chief Executive Officer (CEO)
- Chair
-
Jan Swinhoe
Interim Chair of the Board
- Chief financial officer
-
Michal Kowalczyk
Chief Financial Officer
- Executive
-
Leanne McDougall
Chief Risk Officer
- Executive
-
Berkay Özlüdil
Chief Operations Officer
Supervisors & regulators
Researched 29 Sep 2026 · Sources
- Australia
- Australian Prudential Regulation Authority Prudential supervisorResolution
- Australia
- Australian Securities and Investments Commission Conduct
- Australia
- Australian Transaction Reports and Analysis Centre AML supervisor
Recent events 1 enforcement or investigation item
Researched 29 Sep 2026 · Sources
-
Enforcement
APRA imposed licence conditions, a higher minimum liquidity requirement and an AUD 50 million capital add-on after the bank overstated its Liquidity Coverage Ratio.
apra.gov.au ↗ -
Leadership
The bank appointed Jason Yetton and Edwin Entrop as non-executive directors and Paul White as Chief Information Officer.
ing.com.au ↗ -
Leadership
Leanne McDougall joined the bank as Chief Risk Officer, following two changes in the role since February 2026.
ing.com.au ↗ -
Leadership
The bank appointed Jan Swinhoe as an independent non-executive director. She now serves as interim chair of the board.
ing.com.au ↗
Compliance-relevant events of the last three years, newest first: fines and enforcement, investigations, incidents, leadership changes, mergers and licence changes. Each links to its source.
Identifiers
Head-office record
- BIC
- INGBAU2SXXX
- How the BIC breaks down
- INGBBank
- AUCountry · Australia
- 2SLocation
- XXXBranch · head office
- Branch description
- Not recorded in the directory
- LEI
- 70UN1RCXO6LO7KWNC831
- LEI record
- View on GLEIF ↗
- How the LEI was matched
- BIC: Mapped to this BIC in the Swift and GLEIF BIC-to-LEI relationship file.
Profile
- Type
- Financial institutionClassified as a financial institution in Swift’s ISO 9362 BIC directory, with no licence on a tracked register. This includes banks that neither the ECB nor the FSB lists, as well as brokers, fund managers, insurers and market infrastructure.
- Regulation
- Not on a tracked registerNo licence or registration was found for this entity on the registers the directory tracks, or on the ECB and FSB bank lists. Most banks are licensed by national supervisors whose registers are not tracked yet. This does not mean that the institution is unregulated.
- Register licences
- None matched by LEI in the 22 tracked registersThe tracked registers cover payment, e-money, crypto and money-service firms in 37 countries. Bank licences from national supervisors are not tracked.
- Country · region
- Australia · East Asia & Pacific
- FSB G-SIB list
- In a G-SIB group · ING list of 2025
- Trading venues (MIC)
- No MIC registered under this LEI list of 2026-09-17
- OFAC sanctions
- No listing cites this BIC
- EU sanctions
- No listing matched this BIC or its LEI
- Country sanctions
- No country programme
- Founded
- 1999
Types come from Swift’s BIC classification, the licences on the 22 tracked registers, and the ECB and FSB bank lists. Most banks outside the euro area appear as financial institutions, because their supervisors’ registers are not tracked yet.
No licence or registration was found for this entity on the 22 registers the directory tracks, or on the ECB and FSB bank lists. Most banks are licensed by national supervisors whose registers are not tracked yet. This does not mean that the institution is unregulated.
Ownership and group
GLEIF relationship records
- Direct parent
- ING Bank N.V. · Netherlands3TK20IVIUJ8J3ZU0QE75 ↗
- Ultimate parent
- ING Groep N.V. · Netherlands549300NYKK9MWM7GGW15 ↗
- FSB G-SIB list
- In a G-SIB group · ING bucket 1 · 2025 listGLEIF records a G-SIB entity as this legal entity’s ultimate parent. The bucket applies to the group, and membership does not make this entity a bank.
The ING Groep N.V. group has 43 institutions in the directory, in 31 countries: 41 hold a BIC and 2 do not.
Including ING Belgium NV/SA, ING Bank N.V., ING-Diba AG, ING Luxembourg S.A., ING Capital LLC.
See the ING Groep N.V. group →Group membership follows the accounting-consolidation relationships reported to GLEIF. It does not show ownership shares or control.
Addresses
- Registered address
- 60 MARGARET STREET FLOOR 28 SYDNEY, NEW SOUTH WALES 2000 AUSTRALIA
- Operational address
- 60 MARGARET STREET FLOOR 28 SYDNEY SYDNEY 2000 POB 4094 AUSTRALIA
ISO 20022 identification
As an agent in a Swift cross-border payment message (CBPR+)
A CBPR+ message identifies this institution by its BIC, and may add its LEI or a clearing code. CBPR+ does not allow a name and postal address next to a BIC.
- Identified by
- BIC, with its LEI
- Roles in CBPR+
- Any agent, including the instructing and instructed agents
CBPR+
For cross-border payments on Swift: the BIC, with the LEI and clearing code where known
<FinInstnId>
<BICFI>INGBAU2SXXX</BICFI>
<LEI>70UN1RCXO6LO7KWNC831</LEI>
</FinInstnId>Full record
Every ISO 20022 element the directory holds. Base ISO 20022 allows them together. CBPR+ does not allow a name and address next to a BIC
<FinInstnId>
<BICFI>INGBAU2SXXX</BICFI>
<LEI>70UN1RCXO6LO7KWNC831</LEI>
<Nm>ING BANK (AUSTRALIA) LIMITED</Nm>
<PstlAdr>
<TwnNm>SYDNEY</TwnNm>
<Ctry>AU</Ctry>
<AdrLine>60 MARGARET STREET FLOOR 28 SYDNEY, NEW SOUTH WALES 2000</AdrLine>
</PstlAdr>
</FinInstnId>The BIC, name and address are as published in Swift’s BIC directory. The LEI comes from the Swift and GLEIF BIC-to-LEI file. Check them against your own records before use.
Network
Branch codes
| BIC | Branch | City | Address | LEI | Updated |
|---|---|---|---|---|---|
| INGBAU2SWBL | — | Sydney | 60 MARGARET STREET FLOOR 28 SYDNEY SYDNEY 2000 POB 4094 AUSTRALIA | — | 2025-03-01 |
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Sources & method
Every value comes from a public source, such as Swift’s ISO 9362 BIC directory, GLEIF or the OFAC and EU sanctions lists. Most sources are matched on a BIC or an LEI, not on a name.
Swift GPI membership is matched on names and is indicative. A missing sanctions match does not mean that no listing applies. Always screen against the official lists.
The sanctions facts on this page cover the BIC and its LEI only.
An institution is one entry in the directory: a BIC8 in Swift’s directory, or a firm on a tracked register that holds no BIC. Licences held by an institution with a BIC are shown on its page.
Read the methodology →Credits for this page
- Wikidata—CC0, matched on the BIC or LEI recorded in Wikidata. It is community-edited, so check key facts.
- Ownership and group—GLEIF Level 2 relationship records (accounting consolidation), matched by LEI.
- Overview, leadership, regulators and events—researched per institution by an AI model with web search, from the institution's own website and reports, regulators, company registers and news. Figures, people and events link to their source, and each card shows the research date. AI research can be wrong or out of date, so check key facts at the source.
- Images—logos and photos from Wikimedia Commons (credited with their author and licence) or from the institution's own website, where Wikimedia has none. Elucidate keeps a copy of each; the links lead to the source and the original image. Logo: ing.com.au (official website) · original; Melanie Evans: ing.com.au (official website) · original; Jan Swinhoe: ing.com.au (official website) · original; Michal Kowalczyk: ing.com.au (official website) · original; Leanne McDougall: ing.com.au (official website) · original; Berkay Özlüdil: ing.com.au (official website) · original.
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