Profile: ING Groep NV (ING.N)
2 Jul 2015
ING Groep N.V. (ING), incorporated on January 21, 1991, is a financial services company active in banking, investments, life and nonlife insurance and retirement services. The Company's segments include: Retail Netherlands, Retail Belgium, Retail Germany and Retail Rest of World, which offer current and savings accounts, business lending, mortgages and other consumer lending, and Commercial Banking, which offers wholesale banking (a full range of products from cash management to corporate finance), real estate and lease. The Company provides a range of products and services to support its customers' needs. The Company offers retail banking services to individuals, SMEs (small and medium sized enterprises) and mid-corporates in Europe, Asia and Australia.
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 Rest of World segment recognizes income from retail banking activities in the rest of the world, including the SME and mid-corporate segments in specific countries. Commercial Banking segment recognizes income from wholesale banking activities, real estate and lease.
ING has a limited direct presence in the United States through the facility of the ING Bank Representative Office in New York. The office's activities are limited to that of a marketing agent of bank products and services and a facilitator. ING also has a subsidiary in the United States, ING Financial Holdings Corporation, which through several operating subsidiaries offers various 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. Banking activities, specifically licensing of an Authorized Deposit Taking Institution (\ADI) in Australia are subject to regulation by the Australian Prudential Regulation Authority (APRA) and the Australian Securities and Investments Commission (ASIC).
ING Groep NV
Amsterdamse Poort, Bijlmerplein
AMSTERDAM 1102 MG
Company Web Links
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