ING Bank

General Information

Address: 22/F Arthaland Century Pacific Tower
5th Avenue corner 30th Street, Bonifacio Global City
Taguig City 1634

Representative: Mr. Hans B. Sicat
Designation: Managing Director, Country Manager
Tel No : +632 8479 8833
Fax No: +632 8891 9767
Email :

Alternate: Mr. Johnson L. Sia
Designation: Managing Director, Head of Financial Markets
Tel No : +632 8479 8840
Fax No: +632 8848 5219
Email :

Date of Registration : August 31, 1990
Business / Products / Service Lines:

Investment Banking
Financial Markets
Investment Management / Trust
Private Banking
Branch Banking

Management Committee Members



Consuelo D. Garcia

Country Manager

Maria Teresa P. Gallego

Managing Director/ Head, Private Banking

Alexander A. Patricio

Director, Country Risk Manager

Rustico C. Nazareno, Jr.

Director/Head, ING Investment Management

Nestor V. Custodio

Director, Chief Operations Officer

Sylvia T. Gotauco

Director/Head, Human Resources

Edel Mary D. Vegamora

Director/Head, Finance

Alicia Juliet U. Salita
Vice President/Legal Counsel

Cynthia G. Severino

Vice President/Head, Compliance

Investment Banking



Manuel R. Salak III

Country Manager

Juan Carlos L. Syquia

Managing Director

Andrew Yap

Vice President

Selected Balance Sheet Items as of December 31, 2003 Audited F/S

Total Assets

P 16,009,664,974

Total Liabilities

P 11,080,753,776

Total Equity

P 4,928,911,198

ING Bank Philippines Track Record 2002-2004
Transaction Type
Amount (mn)
ING's Role
Apr 2004
San Miguel Corporation Syndicated Term Loan



Mar 2004
National Power Corporation 5- and 7- year zero-coupon bond

Php 3,752 (5)
Php 8,800 (7)

Lead Arranger

Jan 2004
Security Bank Corporation Unsecured Subordinated Notes due 2014

Php 3,000


Oct 2003
AC International Finance Ltd Syndicated TL



Sep 2003
Union Cement Corporation Syndicated TL

Php 1.65 b


July 2003
Philips Semiconductors Phils Syndicated TL

US$ 100

Mandated Coordinating Arranger

April 2003
First Pacific Co Ltd - Sale of 50.4% controlling interest in Bonifacio Land Corporation M&A


Transaction Advisor

Feb 2003
Universal Robina Corporation
Fixed Rate Note
Joint Lead Manager
Joint Bookrunner
Jan 2003
Syndicated TL
US$ 90
Mandated Coordinating Arranger
Dec 2002
Pilipinas Shell Petroleum Corp
Syndicated Loan
Php 3 bn
Mandated Arranger
Nov 2002
Smart Communications, Inc Syndicated NEXI-Supported Term Loan
Joint Lead Arranger
Oct 2002
Union Cement Corporation / Alsons Cement Corporation - Acquisition of 88% of Alsons Cement Corporation by Union Cement Corporation M&A
Transaction Advisor
Sep 2002
Globe Telecommunications, Inc DBP-JBIC Facility
Php 2 bn
Co-Lead Arranger
Sep 2002
Philippine Long Distance Telephone Company Syndicated Loan
Joint Bookrunner and Joint Lead Arranger
Sep 2002
Republic of the Philippines Eurobond
Sole Bookrunner
Joint Lead Arranger
Sep 2002
Chiongbian Group / Gothong Group - Sale of a combined 59% stake in William, Gothong, and Aboitiz, Inc. to Aboitiz Equity Ventures, Inc. M&A
Financial Advisor
Jul 2002
Bangko Sentral ng Pilipinas Syndicated Loan
Coordinating Arranger
Jun 2002
Union Cement Corporation Syndicated Loan
Php 650
Coordinating Arranger and Underwriter
Feb 2002
JG Summit Eurobond
Lead Manager
Jan 2002
RFM Corporation - Sale of 83.2% stake in Cosmos Bottling Corporation to Coca Cola Bottlers Philippines M&A
Financial Advisor