ING Group

ING Groep N.V. is a Dutch bancassurance institution in the form of a joint stock company with headquarters in Amsterdam.

The Bank is one of the 28 major banks, which by the Financial Stability Board (FSB) as " systemically important financial institution" ( systemically important financial institution) were classified. Therefore it is subject to special monitoring and stringent requirements on the level of equity.

History

The Group was formed in 1990 from a merger of the insurer Nationale- Nederlanden by the NMB Postbank Group and was called after the merger Nederlanden Groep International ( ING ). However, the abbreviation ING was so well known that the name was changed accordingly.

At ING Groep N.V., is a holding company that acts as the parent company for several banks and insurance companies, for example for the Dutch ING Bank, or the German subsidiary of ING -DiBa. Measured by market capitalization, the company 's eighth-largest financial services providers in the world and thus leader in the Netherlands.

On the Forbes list for the year 2007, ING Groep is the ninth largest company by revenue in the world.

After the misspeculations Nick Leeson and the collapse of Barings Bank was taken over for the symbolic price of one pound sterling in 1995. In 1999 also the German BHF- Bank was taken over.

Financial Crisis 2007/2008

Due to the financial crisis, ING Groep had to take 19 October 2008 ten billion euros in state aid claim. The equity ratio was strengthened, consequently, the Group was able to obtain additional liquidity in the market cheaper. In addition, the market price was, by its own account, supported, who was slumped on 17 October 2008 after the announcement of a loss of 500 million euros in the third quarter of 2008 to its lowest level since the mid- 1990s. For the full year 2008, a net loss of 171 million euros was recorded. ING Bank is the first Dutch financial company, the means of a emergency fund of the Dutch government had to take to support banks. In February 2009, 80 percent of a nominal 28 billion euros major real estate loan portfolios were taken over by the Dutch government. The group should, according to the European Union, be smashed by 2013 into two parts. With this step, the risk is halved and the Group's business are reduced. As part of the strategy presented in 2009 "Back to Basics " by various business units and investments have already been sold.

Divestments after the financial crisis

ING Canada
ING Insurance Australia / New Zealand
ING Private Banking Switzerland
ING Private Banking Asia
ING Reinsurance U.S.
ING Summit Industrial Fund
ING Real Estate Manager " REIM "
ING Direct USA
ING Insurance Latin America
Sale of three U.S. brokers
5 % share of Fuban Financial
ING Direct Canada
ING Direct UK United Kingdom

Companies in the group

Branch banks

ING ( Netherlands)
ING Bank Slaski (Poland )
ING Bank Evrazija (Russia)
ING Belgium SA / NV (Belgium )
ING Romania (Romania )
Record Bank ( Belgium)
ING Bank Türkiye (Turkey)
ING Luxembourg S. A. ( Luxembourg )
TMB Bank ( Thailand)
ING Vysyabank (India)

Direct banks

ING -DiBa ( Germany, Austria )
ING Direct Australia ( Australia)
ING Direct France (France)
ING Direct Spain (Spain )
ING Direct Italy (Italy )

Other financial services

Interhyp

Insurance

Insurance Europe (Hungary, Poland, Czech Republic, Slovakia, Bulgaria, Romania, Russia, Spain, Greece and Turkey)
Insurance Asia / Pacific (Japan, Hong Kong, Malaysia, South Korea, China, India and Thailand)
Insurance Americas (USA)

Presence by country

ING Group is present in the following countries:

Australia
Belgium
Brazil
Bulgaria
China
Germany
France
Greece
Great Britain
Hong Kong
India
Indonesia
Italy
Japan
Canada
Kazakhstan
Luxembourg
Mexico
Mongolia
Netherlands
Austria
Philippines
Poland
Romania
Russia
Switzerland
Singapore
Slovakia
Spain
South Korea
Taiwan
Thailand
Turkey
Czechia
Hungary
Ukraine
United Arab Emirates
United States
Belarus

Asset Management

ING Investment Management

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