ING Group
The ING Group (Dutch: ING Groep) is a Dutch multinational banking and financial services corporation headquartered in Amsterdam. Its primary businesses are retail banking, direct banking, commercial banking, investment banking, wholesale banking, private banking, asset management, and insurance services. With total assets of US$967.8 billion, it is one of the biggest banks in the world, and consistently ranks among the largest banks globally.
ING's headquarters in Amsterdam, Netherlands | |
| Company type | Naamloze vennootschap |
|---|---|
Traded as | Euronext Amsterdam: INGA NYSE: ING AEX component |
| ISIN | NL0011821202 |
| Industry | Financial services |
| Founded | 1991 through merger (est. 1743 as Kooger Doodenbos) |
| Headquarters | Amsterdam, Netherlands |
Area served | Europe, Asia, Oceania, North America, South America |
Key people |
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| Products |
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| Revenue | €18.561 billion (2022) |
| €5.5 billion (2022) | |
Net income | €3.78 billion (2022) |
| Total assets | €967.8 billion (2022) |
| Total equity | €50.4 billion (2022) |
Number of employees | 60,778 (2022) |
| Subsidiaries | AFP Capital Bank Mendes Gans Makelaarsland and The Baring Archive |
| Website | ing |
ING is the Dutch member of the Inter-Alpha Group of Banks, a co-operative consortium of 11 prominent European banks. Since the creation in 2012, ING Bank is a member in the list of global systemically important banks. It has been designated as a Significant Institution since the entry into force of European Banking Supervision in late 2014, and as a consequence is directly supervised by the European Central Bank.
In 2020, ING had 53.2 million clients in more than 40 countries. The company is a component of the Euro Stoxx 50 stock market index. The long-term debt for the company as of December 2019 is €150 billion.
ING is an abbreviation for Internationale Nederlanden Groep (lit. 'International Netherlands Group'). The orange lion on ING's logo alludes to the group's Dutch origins.