--- title: "ING Bank (Australia) Limited SWIFT/BIC code INGBAU2SXXX · Australia | Elucidate" description: "In the ING G-SIB group (FSB bucket 1). SWIFT/BIC code INGBAU2SXXX for ING Bank (Australia) Limited, Australia. 1 branch BIC, LEI 70UN1RCXO6LO7KWNC831." url: https://elucidate.co/directory/ing-bank-australia-limited-ingbau2s --- 1. [Directory](https://elucidate.co/directory) 2. [Australia](https://elucidate.co/directory/country/au) 3. ING Bank (Australia) Limited ![ING logo](https://elucidate.co/images/banks/98/9824717e1f4225ab.webp) 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. FSB G-SIB list 2025 1 Bucket 1 of 5 · listed since 2011 In a G-SIB group · ING [FSB 2025 list ↗](https://www.fsb.org/2025/11/2025-list-of-global-systemically-important-banks-g-sibs/) [What is a G-SIB? ↗](https://www.fsb.org/work-of-the-fsb/market-and-institutional-resilience/post-2008-financial-crisis-reforms/ending-too-big-to-fail/global-systemically-important-financial-institutions-g-sifis/) BIC **INGBAU2SXXX** LEI **[70UN1RCXO6LO7KWNC831](https://search.gleif.org/#/record/70UN1RCXO6LO7KWNC831)** Licence no. **Not on a tracked register** Connected to Swift [**1** branch code](https://elucidate.co/directory/ing-bank-australia-limited-ingbau2s#branches) [Group: ING Groep N.V.](https://elucidate.co/directory/group/549300NYKK9MWM7GGW15) [Claim this profile](https://elucidate.co/directory/ing-bank-australia-limited-ingbau2s#claim) ## 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 Swift - **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](https://elucidate.co/directory/ing-bank-australia-limited-ingbau2s#branches) - **BIC first registered:** 1995-12-02 - **Last updated:** 2022-02-14 ## Overview Researched 29 Sep 2026 · [Sources](https://elucidate.co/directory/ing-bank-australia-limited-ingbau2s#overview-sources) Total assets AUD 98.6bn Group · 31 Dec 2025 · [annual report ↗](https://www.ing.com.au/assets-lounge/documents/investor-relations/financials/pdf/2025_Annual_Report_ING_Australia.pdf) Employees 1,954 headcount · Group · 31 Dec 2025 · [annual report ↗](https://www.ing.com.au/assets-lounge/documents/investor-relations/financials/pdf/2025_Annual_Report_ING_Australia.pdf) 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.](https://elucidate.co/directory/ing-bank-n-v-ingbnl2a), 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 - Retail banking - Mortgage lending - Consumer finance - Cards - Corporate banking - SME banking 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 ↗](https://www.ing.com.au/) [newsroom.ing.com.au ↗](https://newsroom.ing.com.au/) media newsroom [helphub.ing.com.au ↗](https://helphub.ing.com.au/) customer help centre [Wikipedia ↗](https://en.wikipedia.org/wiki/ING_Australia) [Wikidata Q22031704 ↗](https://www.wikidata.org/wiki/Q22031704) - **Official social accounts:** [LinkedIn ↗](https://au.linkedin.com/company/ing-australia) · [X ↗](https://x.com/ing_aust?lang=en) · [Facebook ↗](https://www.facebook.com/INGAust/) · [Instagram ↗](https://www.instagram.com/ing_aust/) · [YouTube ↗](https://youtube.com/c/INGaust) · [TikTok ↗](https://www.tiktok.com/@ing_aust) Sources · 9 pages consulted 1. [ing.com.au/](https://www.ing.com.au/) 2. [ing.com.au/about-us/who-we-are-management.html](https://www.ing.com.au/about-us/who-we-are-management.html) 3. [ing.com.au/about-us/who-we-are-company.html](https://www.ing.com.au/about-us/who-we-are-company.html) 4. [ing.com.au/assets-lounge/documents/investor-relations/financials/pdf/2025\_Annual\_Report\_ING\_Australi](https://www.ing.com.au/assets-lounge/documents/investor-relations/financials/pdf/2025_Annual_Report_ING_Australia.pdf) 5. [apra.gov.au/news-and-publications/apra-takes-action-address-material-liquidity-breaches-ing-australia](https://www.apra.gov.au/news-and-publications/apra-takes-action-address-material-liquidity-breaches-ing-australia) 6. [newsroom.ing.com.au/ing-australia-responds-to-apras-announcement/](https://newsroom.ing.com.au/ing-australia-responds-to-apras-announcement/) 7. [newsroom.ing.com.au/2026/09/](https://newsroom.ing.com.au/2026/09/) 8. [ing.com.au/faq-result.html?faqid=7621](https://www.ing.com.au/faq-result.html?faqid=7621) 9. [en.wikipedia.org/wiki/ING\_Australia](https://en.wikipedia.org/wiki/ING_Australia) ## Leadership Researched 29 Sep 2026 · [Sources](https://elucidate.co/directory/ing-bank-australia-limited-ingbau2s#overview-sources) - **Chief executive:** ![Melanie Evans](https://elucidate.co/images/banks/09/093324c1e9ea39e4.webp) Melanie Evans Chief Executive Officer (CEO) Confirmed 29 Sep 2026 · [ing.com.au ↗](https://www.ing.com.au/about-us/who-we-are-management.html) - **Chair:** ![Jan Swinhoe](https://elucidate.co/images/banks/75/7549aa9c267a77f0.webp) Jan Swinhoe Interim Chair of the Board Confirmed 29 Sep 2026 · [ing.com.au ↗](https://www.ing.com.au/about-us/who-we-are-management.html) - **Chief financial officer:** ![Michal Kowalczyk](https://elucidate.co/images/banks/41/417c80f592fc1722.webp) Michal Kowalczyk Chief Financial Officer Confirmed 29 Sep 2026 · [ing.com.au ↗](https://www.ing.com.au/about-us/who-we-are-management.html) - **Executive:** ![Leanne McDougall](https://elucidate.co/images/banks/19/1905e7d4d9d80558.webp) Leanne McDougall Chief Risk Officer Confirmed 29 Sep 2026 · [ing.com.au ↗](https://www.ing.com.au/about-us/who-we-are-management.html) - **Executive:** ![Berkay Özlüdil](https://elucidate.co/images/banks/03/03857ccbb3c0dea7.webp) Berkay Özlüdil Chief Operations Officer Confirmed 29 Sep 2026 · [ing.com.au ↗](https://www.ing.com.au/about-us/who-we-are-management.html) ## Supervisors & regulators Researched 29 Sep 2026 · [Sources](https://elucidate.co/directory/ing-bank-australia-limited-ingbau2s#overview-sources) - **Australia:** Australian Prudential Regulation Authority Prudential supervisor Resolution - **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](https://elucidate.co/directory/ing-bank-australia-limited-ingbau2s#overview-sources) 1. Sep 2026 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 ↗](https://www.apra.gov.au/news-and-publications/apra-takes-action-address-material-liquidity-breaches-ing-australia) 2. Jul 2026 Leadership The bank appointed Jason Yetton and Edwin Entrop as non-executive directors and Paul White as Chief Information Officer. [ing.com.au ↗](https://www.ing.com.au/about-us/who-we-are-management.html) 3. Apr 2026 Leadership Leanne McDougall joined the bank as Chief Risk Officer, following two changes in the role since February 2026. [ing.com.au ↗](https://www.ing.com.au/about-us/who-we-are-management.html) 4. Mar 2025 Leadership The bank appointed Jan Swinhoe as an independent non-executive director. She now serves as interim chair of the board. [ing.com.au ↗](https://www.ing.com.au/assets-lounge/documents/investor-relations/financials/pdf/2025_Annual_Report_ING_Australia.pdf) 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:** 1. INGB Bank 2. AU Country · Australia 3. 2S Location 4. XXX Branch · head office - **Branch description:** Not recorded in the directory - **LEI:** 70UN1RCXO6LO7KWNC831 - **LEI record:** [View on GLEIF ↗](https://search.gleif.org/#/record/70UN1RCXO6LO7KWNC831) - **How the LEI was matched:** BIC: Mapped to this BIC in the Swift and GLEIF BIC-to-LEI relationship file. ## Profile - **Type:** Financial institution - **Regulation:** Not on a tracked register - **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](https://elucidate.co/directory/ing-bank-australia-limited-ingbau2s#regulatory) 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.](https://elucidate.co/directory/ing-bank-n-v-ingbnl2a) · Netherlands[3TK20IVIUJ8J3ZU0QE75 ↗](https://search.gleif.org/#/record/3TK20IVIUJ8J3ZU0QE75) - **Ultimate parent:** ING Groep N.V. · Netherlands[549300NYKK9MWM7GGW15 ↗](https://search.gleif.org/#/record/549300NYKK9MWM7GGW15) - **FSB G-SIB list:** [In a G-SIB group · ING](https://elucidate.co/directory/group/549300NYKK9MWM7GGW15) bucket 1 · 2025 list GLEIF 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](https://elucidate.co/directory/ing-belgium-nv-sa-bbrubebb), [ING Bank N.V.](https://elucidate.co/directory/ing-bank-n-v-ingbnl2a), [ING-Diba AG](https://elucidate.co/directory/ing-diba-ag-ingddeff), [ING Luxembourg S.A.](https://elucidate.co/directory/ing-luxembourg-s-a-celllull), [ING Capital LLC](https://elucidate.co/directory/ing-capital-llc-ingbus3c). [See the ING Groep N.V. group →](https://elucidate.co/directory/group/549300NYKK9MWM7GGW15) 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 ```xml INGBAU2SXXX 70UN1RCXO6LO7KWNC831 ``` ### 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 ```xml INGBAU2SXXX 70UN1RCXO6LO7KWNC831 ING BANK (AUSTRALIA) LIMITED SYDNEY AU 60 MARGARET STREET FLOOR 28 SYDNEY, NEW SOUTH WALES 2000 ``` 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](https://elucidate.co/directory/ing-bank-australia-limited-ingbau2s-wbl) | — | Sydney | 60 MARGARET STREET FLOOR 28 SYDNEY SYDNEY 2000 POB 4094 AUSTRALIA | — | 2025-03-01 | [See every BIC in Australia →](https://elucidate.co/directory/country/au#bics) ## Related institutions ### Same group - [ING Belgium NV/SA BIC BBRUBEBB Credit institution Prudential licence Belgium · On the ECB list of supervised entities · LEI JLS56RAMYQZECFUF2G44](https://elucidate.co/directory/ing-belgium-nv-sa-bbrubebb) - [ING Bank N.V. BIC INGBNL2A Credit institution Prudential licence Netherlands · On the ECB list of supervised entities · LEI 3TK20IVIUJ8J3ZU0QE75](https://elucidate.co/directory/ing-bank-n-v-ingbnl2a) - [ING-Diba AG BIC INGDDEFF Credit institution Prudential licence Germany · On the ECB list of supervised entities · LEI 3KXUNHVVQFIJN6RHLO76](https://elucidate.co/directory/ing-diba-ag-ingddeff) - [ING Luxembourg S.A. BIC CELLLULL Credit institution Prudential licence Luxembourg · On the ECB list of supervised entities · LEI 549300BT51N3KAXDPP56](https://elucidate.co/directory/ing-luxembourg-s-a-celllull) - [Paymento Financial S.A. No BIC Payments & e-money Prudential licence Poland · Licensed by Polish Financial Supervision Authority · 6462948587 (EBA-PSD2) · LEI 259400IDT9JSQNMKOY64](https://elucidate.co/directory/paymento-financial-s-a-1545fea943e2) - [ING Bank A.S. BIC INGBTRIS Financial institution Not on a tracked register Türkiye · Not on a tracked register · LEI 7890001L64KNSIBT1H47](https://elucidate.co/directory/ing-bank-a-s-ingbtris) - [ING Bank (Eurasia) JSC BIC INGBRUMM Financial institution Not on a tracked register Country under broad sanctions · Russia · Not on a tracked register · LEI UNYGG3DC3W0FZQWM1779](https://elucidate.co/directory/ing-bank-eurasia-jsc-ingbrumm) - [ING Financial Markets LLC BIC INGBUS3N Financial institution Not on a tracked register United States · Not on a tracked register · LEI KBVRJ5K57JZ3E2AVWX40](https://elucidate.co/directory/ing-financial-markets-llc-ingbus3n) [All 43 institutions in the ING Groep N.V. group →](https://elucidate.co/directory/group/549300NYKK9MWM7GGW15) ### Largest institutions in Australia - [BNP Paribas Australia BIC PARBAUS1 Financial institution Not on a tracked register Australia · Not on a tracked register · No LEI mapped](https://elucidate.co/directory/bnp-paribas-australia-parbaus1) - [Austraclear Limited BIC ACLRAU2S Financial institution Not on a tracked register Australia · Not on a tracked register · LEI 549300SW1A0SWG24LO05](https://elucidate.co/directory/austraclear-limited-aclrau2s) - [Bank of China Limited, Sydney Branch BIC BKCHAU2S Credit institution Prudential licence Australia · On the FSB G-SIB list · LEI 54930053HGCFWVHYZX42](https://elucidate.co/directory/bank-of-china-limited-sydney-branch-bkchau2s) - [Jpmorgan Chase Bank, N. A. - Sydney Branch BIC CHASAU2X Credit institution Prudential licence Australia · On the FSB G-SIB list · LEI 7H6GLXDRUGQFU57RNE97](https://elucidate.co/directory/jpmorgan-chase-bank-n-a-sydney-branch-chasau2x) - [National Australia Bank Limited BIC NATAAU33 Financial institution Not on a tracked register Australia · Not on a tracked register · LEI F8SB4JFBSYQFRQEH3Z21](https://elucidate.co/directory/national-australia-bank-limited-nataau33) - [Bank of China (Australia) Limited BIC BKCHAU2A Financial institution Not on a tracked register Australia · Not on a tracked register · LEI 549300WTHUV5DF3HHH67](https://elucidate.co/directory/bank-of-china-australia-limited-bkchau2a) - [Etfs Management (Aus) Limited BIC ETMAAU21 Financial institution Not on a tracked register Australia · Not on a tracked register · LEI 213800PL6I726XOBAO45](https://elucidate.co/directory/etfs-management-aus-limited-etmaau21) - [Australia and New Zealand Banking Group Limited BIC ANZBAU3M Financial institution Not on a tracked register Australia · Not on a tracked register · LEI JHE42UYNWWTJB8YTTU19](https://elucidate.co/directory/australia-and-new-zealand-banking-group-limited-anzbau3m) [See every BIC in Australia →](https://elucidate.co/directory/country/au#bics) ### In Elucidate research - [ING Group, Commerzbank, and Nordea lead financial crime risk global ranking](https://elucidate.co/press-release/ing-group-commerzbank-and-nordea-lead-financial-crime-risk-global-ranking) 9 November 2024 Claim this profile ## Work at ING Bank (Australia) Limited? Claim this page to have it marked as verified by the bank, and to send us corrections. We verify every claim before anything changes on the page. 1. 01 **Submit** Tell us who you are, using your work email. 2. 02 **We verify** We check the email domain and confirm your role with the bank. This usually takes up to five business days. 3. 03 **Profile claimed** The page is marked as claimed and verified. You can send us corrections at any time. 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 →](https://elucidate.co/directory/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](https://www.ing.com.au/) (official website) · [original](https://www.ing.com.au/img/logos/ing.webp); Melanie Evans: [ing.com.au](https://www.ing.com.au/about-us/who-we-are-management.html) (official website) · [original](https://www.ing.com.au/img/people/Thumb-Melanie-Evans.webp); Jan Swinhoe: [ing.com.au](https://www.ing.com.au/about-us/who-we-are-management.html) (official website) · [original](https://www.ing.com.au/img/people/Thumb-Jan-Swinhoe.jpg); Michal Kowalczyk: [ing.com.au](https://www.ing.com.au/about-us/who-we-are-management.html) (official website) · [original](https://www.ing.com.au/img/people/Thumb-Michal-Kowalczyk.webp); Leanne McDougall: [ing.com.au](https://www.ing.com.au/about-us/who-we-are-management.html) (official website) · [original](https://www.ing.com.au/img/people/Leanne-McDougall.jpg); Berkay Özlüdil: [ing.com.au](https://www.ing.com.au/about-us/who-we-are-management.html) (official website) · [original](https://www.ing.com.au/img/people/Thumb-Berkay-Ozludil.webp). ## Assess the financial crime risk behind a BIC A BIC identifies an institution; it does not assess it. The [Elucidate FinCrime Index (EFI)](https://elucidate.co/ratings) is an independent score of the financial crime risk of banks, built for correspondent banking and counterparty due diligence. [Book a demo](https://elucidate.co/demo-request) Licence and registration data are drawn from the public registers of the regulators named on each page and shown for information only; the official register is always the authority. LEIs and ownership are from GLEIF. Directory and gpi data are drawn from SWIFT's public sources. SWIFT, Swift gpi and UETR are trademarks of S.W.I.F.T. SC, Avenue Adèle 1, 1310 La Hulpe, Belgium. Elucidate is not affiliated with, endorsed by or sponsored by SWIFT or any regulator named here. Elucidate does not provide payment or other financial services.