Profile: ING Groep NV (ING.N)
26 Oct 2016
ING Groep N.V. (ING), incorporated on January 21, 1991, is a financial institution. The Company offers banking services. The Company's segments include Retail Netherlands, which offers current and savings accounts, business lending, mortgages and other consumer lending in the Netherlands; Retail Belgium, which offers products that are similar to those in the Netherlands; Retail Germany, which offers current and savings accounts, mortgages and other customer lending; Retail Other, which offers products that are similar to those in the Netherlands, and Wholesale Banking, which offers wholesale banking activities (a full range of products from cash management to corporate finance), real estate and lease. The Company's Retail Banking business lines provide products and services to individuals, small and medium-sized enterprises (SMEs) and mid-corporates.
Retail Netherlands segment recognizes income from retail and private banking activities in the Netherlands, including the SME and mid-corporate segments. Retail Belgium segment recognizes income from retail and private banking activities in Belgium, including the SME and mid-corporate segments. Retail Germany segment recognizes income from retail and private banking activities in Germany. Retail other segment recognizes income from retail banking activities in the rest of the world, including the SME and mid-corporate segments in specific countries. Wholesale Banking segment recognizes income from wholesale banking activities, real estate and lease.
ING Bank's subsidiary in the United States is ING Financial Holdings Corporation, which offers a range of financial products, including lending and financial markets products. ING's banking activities in Australia are undertaken by ING Bank (Australia) Limited (trading as ING Direct) and ING Bank NV Sydney Branch.
The Company competes with ABN AMRO Bank and Rabobank.
ING Groep NV
Amsterdamse Poort, Bijlmerplein
AMSTERDAM 1102 MG