ING BANK SUSTAINABLE PROJECTS L4SME-MIDCAPS 3 (EIB-20230726)

Countries
  • Belgium
  • Netherlands
Geographic location where the impacts of the investment may be experienced.
Financial Institutions
  • European Investment Bank (EIB)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Approved
Stage of the project cycle. Stages vary by development bank and can include: pending, approval, implementation, and closed or completed.
Bank Risk Rating
U
Environmental and social categorization assessed by the development bank as a measure of the planned project’s environmental and social impacts. A higher risk rating may require more due diligence to limit or avoid harm to people and the environment. For example, "A" or "B" are risk categories where "A" represents the highest amount of risk. Results will include projects that specifically recorded a rating, all other projects are marked ‘U’ for "Undisclosed."
Voting Date
Jul 7, 2025
Date when project documentation and funding is reviewed by the Board for consideration and approval. Some development banks will state a "board date" or "decision date." When funding approval is obtained, the legal documents are accepted and signed, the implementation phase begins.
Borrower
ING ASSET FINANCE BELGIUM NV, and others
A public entity (government or state-owned) provided with funds or financial support to manage and/or implement a project.
Sectors
  • Finance
  • Industry and Trade
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
Loan
The categories of the bank investment: loan, grant, guarantee, technical assistance, advisory services, equity and fund.
Investment Amount (USD)
$ 469.46 million
Value listed on project documents at time of disclosure. If necessary, this amount is converted to USD ($) on the date of disclosure. Please review updated project documents for more information.
Currency conversion note:
Bank reported 400
Converted using 2025-07-07 exchange rate.
Primary Source

Original disclosure @ EIB website

Updated in EWS Oct 30, 2025

Disclosed by Bank Aug 8, 2025

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Project Description
If provided by the financial institution, the Early Warning System Team writes a short summary describing the purported development objective of the project and project components. Review the complete project documentation for a detailed description.

According to the Bank’s website, the operation will help ING to finance sustainable projects carried out by small and medium-sized enterprises (SMEs) and mid-caps in the Benelux countries. The aim is to enhance access to finance for the final beneficiaries and support Climate Action and Environmental Sustainability.

Investment Description
Here you can find a list of individual development financial institutions that finance the project.
Financial Intermediary
A financial intermediary is a bank or financial institution that receives funds from a development bank. A financial intermediary then lends these funds to their clients (private actors) in the form of loans, bonds, guarantees and equity shares. Financial intermediaries include insurance, pension and equity funds. The direct financial relationship is between the development bank and the financial intermediary.
Private Actors Description
A Private Actor is a non-governmental body or entity that is the borrower or client of a development project, which can include corporations, private equity and banks. This describes the private actors and their roles in relation to the project, when private actor information is disclosed or has been further researched.

ING Asset Finance Belgium NV is a subsidiary of ING Belgium that specializes in financial leasing of movable and immovable assets to companies in Belgium.

As stated by Bloomberg, ING Bank N.V. provides banking services. The Bank offers retail, direct, commercial, and investment banking, as well as asset and portfolio management, insurance, and treasury services. ING Bank serves individuals, corporations, and institutions worldwide.

ING Belgium SA operates as a bank. The Bank offers savings, investments, financing, insurance, loans, mortgages, and other related products and services. ING Belgium serves customers in Belgium.

ING Equipment Lease Belgium provides financial services. The Company offers commercial equipment leasing programs for small and large businesses needing equipment financing.ING Equipment Lease operates in Belgium.

ING Lease (Nederland) B.V. is engaged in concluding and financing lease agreements.

ING Lease Belgium NV is a subsidiary of ING specializing in leasing in Belgium, offering services to companies, such as financial leasing of equipment and real estate, and vehicle leasing (operational or financial), including fleet management. The group also operates in the leasing of movable assets, such as production equipment and rolling stock.

ING Lease Luxembourg SA provide leasing solutions for movable equipment for professional use without equity funding with a full financing of the investment.

ING Luxembourg is the Luxembourg subsidiary of ING Group, focusing on Private Banking, Personal Banking and Wholesale Banking.

As stated by Bloomberg, I.N.G Truck Lease Belgium SA was founded in 1990. The Company's line of business includes providing intermediate or long-term general and industrial credit.


Contact Information
This section aims to support the local communities and local CSO to get to know which stakeholders are involved in a project with their roles and responsibilities. If available, there may be a complaint office for the respective bank which operates independently to receive and determine violations in policy and practice. Independent Accountability Mechanisms receive and respond to complaints. Most Independent Accountability Mechanisms offer two functions for addressing complaints: dispute resolution and compliance review.

No contacts available at the time of disclosure.

ACCESS TO INFORMATION

You can submit an information request for project information at: https://www.eib.org/en/infocentre/registers/request-form/request-form-default.htm

ACCOUNTABILITY MECHANISM OF EIB

The EIB Complaints Mechanism is designed to facilitate and handle complaints against the EIB by individuals, organizations or corporations affected by EIB activities. When exercising the right to lodge a complaint against the EIB, any member of the public has access to a two-tier procedure, one internal - the Complaints Mechanism Office - and one external - the European Ombudsman. A complaint can be lodged via a written communication addressed to the Secretary General of the EIB, via email to the dedicated email address: complaints@eib.org, by completing the online complaint form available at the following address: http://www.eib.org/complaints/form via fax or delivered directly to the EIB Complaints Mechanism Division, any EIB local representation office or any EIB staff. For further details, check: http://www.eib.org/attachments/strategies/complaints_mechanism_policy_en.pdf

When dissatisfied with a complaint to the EIB Complaints Mechanism, citizens can then turn towards the European Ombudsman. A memorandum of Understanding has been signed between the EIB and the European Ombudsman establishes that citizens (even outside of the EU if the Ombudsman finds their complaint justified) can turn towards the Ombudsman on issues related to 'maladministration' by the EIB. Note that before going to the Ombudsman, an attempt must be made to resolve the case by contacting the EIB. In addition, the complaint must be made within two years of the date when the facts on which your complaint is based became known to you. You can write to the Ombudsman in any of the languages of the European Union. Additional details, including filing requirements and complaint forms, are available at: http://www.ombudsman.europa.eu/atyourservice/interactiveguide.faces

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