ING Group

ING Groep N.V.
	ING Groep N.V. logo
Company type	Public (Euronext: INGA, NYSE: ING)
Industry	Finance and Insurance
Founded	1991
Headquarters	Amsterdam, the Netherlands
Key people	Michel Tilmant, CEO (since May 2004) ; Cornelius Herkströter, Chairman (since 2004); Cees Maas, CFO
Products	Banking ; Insurance ; Asset management
Revenue	€92.8 B EUR (4.7% FY '03 to '04)
Operating income	18,324,000,000 euro (2018)
Net income	6,651,000,000 euro (2024)
Total assets	1,020,545,000,000 euro (2024)
Number of employees	115,218
Website	www.ing.com

ING Groep N.V. (NYSE: ING, Euronext: INGA) (known as ING Group) is a financial institution of Dutch origin offering banking, insurance and asset management services. ING once stood for Internationale Nederlanden Groep.

As of 2003, ING covers 60 million private, corporate and institutional clients in 50 countries with a workforce of over 115,000 people. It has offices in Canada, Peru, Spain, France, Italy, Mexico, the United States, Germany, UK, Belgium, Austria and Australia. It owns ING Direct, a virtual bank with operations in Australia, Canada, the USA, UK, Spain and elsewhere. In the 2006 Forbes Global 2000, ING was the eleventh-largest company in the world.

ING's headquarters in Amsterdam is somewhat renowned as an autonomous building.

The company files U.S. Securities and Exchange Commission reports under "ING GROEP NV" [1].

ING's Canadian commercials feature Dutch actor Frederik de Groot. In Australia, they feature Scottish comedian Billy Connolly. From 2007, ING will also brand their logo on the cars of the Renault F1 Team. This will continue until at least 2009.

History

The company was created from the 1991 merger of Nationale-Nederlanden and NMB Postbank Groep.

1995: ING acquired investment bank and asset management firm Barings.
1997: ING acquired insurer Equitable of Iowa Companies.
1997: ING opened ING Direct Canada.
1998: ING acquired Banque Bruxelles Lambert (BBL) of Belgium.
1999: ING acquired BHF-Bank of Germany.
2000: ING acquired US insurers ReliaStar, Aetna Financial Services and Aetna International.
2000: ING opened ING Direct USA.
2001: ING acquired Bank Śląski of Poland, and insurer Seguros Commercial America of Mexico.
2002: ING acquired DiBa bank of Germany
2004: ING Insurance Company of Canada acquired Allianz Canada
2004: ING sold BHF-Bank of Germany to Sal. Oppenheim
2005: ING acquired AFP Integra in Peru
2006: ING opened ING Life Bulgaria, a branch of ING Life Hungary.