ING Group#ING Direct
ING- DiBa AG, based in Frankfurt am Main is a direct bank and a subsidiary of the Dutch ING Groep, which operates internationally.
History
ING- DiBa in 1965 as a bank for savings and capital formation AG ( BSV ) in Frankfurt under the then chairman of the IG Bau - Minerals Georg Leber significant participation established. Purpose of the Institute was to provide all workers in Germany a bank just where they were able to save up the newly introduced capital-forming services in the amount of DM in seven months. Georg Leber commented on the conduct of the established German banks at that time with the following sentence: " The German banks seem to me like an old dog that is sick. This can be calmly put off a fat bone, which does not even growl. "
In 1981 the capital about 75 million DM and the German Trade Union Federation ( DGB) was on union assets holding BGAG owner of the Bank for Social Economy ( BfG ), and the BfG a 51 percent majority shareholder of BSV. From 1986 to 1997 Hans Matthöfer was in his capacity as Chairman of the Board of BGAG also Chairman of the Supervisory Board of the Bank.
In 1994 the company changed its name to German Direct Bank AG and, after a threat of legal action by Deutsche Bank, in General German direct bank AG. 1998 acquired the Dutch banking group ING Groep 49% of DiBa shares. As of 1999, the Bank entered under DiBa ( of: Direct Bank) on.
She established herself as the bank, which offered its services via the Internet, fax or telephone. In 1999 she took over the bank GiroTel. In 2002, the DiBa acquired 100 % of the Frankfurt Degussa bank and sold it on 27 November 2006 with a loss of 14 million euros under IFRS at a US-led MM Warburg & CO group of investors.
In early 2002 bought the ING Groep added a further 21 % in 2003 she took over the DiBa completely. The DiBa reinforced for real estate finance their phone sales by working with credit intermediaries and thereby rose to become a major German real estate finance.
In July 2003, the positioned with over two million customers direct bank DiBa took over the second largest direct bank, the Nuremberg Entrium Direct Bankers AG. So they had next to the headquarters in Frankfurt am Main and the location in Hannover another branch in Nuremberg. 2004, the Bank changed its market presence to ING -DiBa, July 1, 2005, he renamed ING DiBa AG. Furthermore, the ING -DiBa AG Member of the Federal Association of German Banks.
On 1 January 2007, the gradual conversion of the DiBa to the ING DiBa was completed.
Products in Germany
Successful product is the money market account extra account. In addition, the ING -DiBa mortgage finance, brokerage, installment loans, savings products and current accounts on offer.
The Bank operates approximately 1,200 own ATMs, inter alia, can be found at Aral petrol stations and major shopping centers. In addition, a toll-free use of ATMs of other is made possible with the current account belonging VISA card.
Furthermore, the Bank maintained an office for the Commercial Banking.
ING Direct Bank Austria DiBa
Management
Branch Manager: Roel Huisman ( CEO)
With the acquisition of Entrium Direct Bankers AG in 2003, ING- DiBa also took over the Austrian branch of Entrium. In 2004, the ING brand -DiBa Direct Bank Austria was introduced in the Austrian market. Currently, the office has about 521,000 customers, making it the largest direct bank in Austria. The office has about 150 employees in Vienna Galaxy Tower. General Manager since November 1, 2010 Roel Huisman.
The core product of the ING DiBa Austria is the overnight direct savings. In addition, savers are also direct deposits with maturities of six to twelve months. For the long term wealth building offers the ING -DiBa Austria mutual funds. In addition, ING- DiBa Austria is represented with the home loan and car loan and installment loan on the market. ING- DiBa Direct Bank Austria works since September 2009 with Niki Lauda as a testimonial.
Indicators
According to information from the Annual Report of ING -DiBa the Bank had on 31 December 2012 a total of 7,762,813 customers ( in Germany 7,248,274, in Austria 514 539 ), employed 3,178 employees ( including 109 apprentices) and had a balance sheet total of 120.289 billion euros, with a capital of 6.065 billion euros. The routing number is 500 105 17
Among the 100 largest banks in Germany, ING- DiBa AG occupies the 15th place (as of 31 December 2012), according to the journal, the bank
The accounting was, until 2004, after Dutch GAAP, as of 2005 according to IFRS.
ING- DiBa is a member of Deposit Insurance Fund of the Federal Association of German Banks This provides a backup limit per customer from the current 1.48 billion euros (30 % of the relevant liable capital ) before. It comes into play when the EU legally guaranteed security in the amount of € 100,000 has been exhausted. Customer deposits are thus protected by two independent security systems.
Shareholder
As of December 2007
Sponsorship and Advertising
Since 1 May 2003, the ING -DiBa main sponsor of the German national basketball team has a contract until 2015. Dirk Nowitzki advertises in several television commercials for the ING -DiBa. In addition, the Bank the Helmut Schmidt Prize for Journalists sponsors.