ING Group
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| ING Groep N.V. | |
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| Type | Public (Euronext: INGA, NYSE: ING) |
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| Founded | 1991 |
| Headquarters | Amsterdam, the Netherlands |
| Key people | Michel Tilmant, CEO (since May 2004) Cornelius Herkströter, Chairman (since 2004) Cees Maas, CFO |
| Industry | Finance and Insurance |
| Products | Banking Insurance Asset management |
| Revenue | €92.8 B EUR ( 4.7% FY '03 to '04) |
| 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.
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[edit] Advertising and sponsorship
ING's Canadian commercials feature Dutch actor Frederik de Groot. In Australia, they feature Scottish comedian Billy Connolly.
From 2007, ING will become title sponsor of the Renault Formula One team. This will continue until at least 2009. In November 2006 ING was announced as the naming rights sponsor of the Australian Grand Prix in a three-year deal; The "ING Australian Grand Prix" will be the first of the 2007 season.
[edit] 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.
[edit] See also
- ING Direct
- Care Vest Capital
[edit] References
[edit] External links
- ING Home page
- Pictures of the ING Group Headquarters, Amsterdam
- ING Direct U.S. rate history (2001-present)
- ING Asia Pacific Corporate Blog (My Cup of Cha)
- ING Asia Pacific Hub Site
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Categories: Companies listed on the New York Stock Exchange | Companies listed on the Euronext exchanges | Banks of the Netherlands | Companies without an unabbreviated name | Companies of the Netherlands | Multinational companies headquartered in the Netherlands | Insurance companies of the Netherlands | Multinational companies | Companies established in 1991 | Investment | Banks of the United States | Forbes 2000
