Expanding its retail banking business overseas, ING used the direct banking business model it had developed with NMB Postbank to launch direct banking in other countries. ING in Australia was established in 1999 and is headquartered in Sydney, offering banking online and via telephone. In 2020, ING had 53.2 million clients in more than 40 countries. [15], In 2000, ING launched a direct bank in the United States, with headquarters in Wilmington, Delaware. Insight and analysis of top stories from our award winning magazine "Bloomberg Businessweek". Were always looking for new ways to do things faster, better, cheaper. [13] This included the sale of the ING Direct US operations to Capital One, ING Direct Canada to Scotiabank (d/b/a/ Tangerine) and the ING Direct UK operations to Barclays bank in 2012. [76], Dutch multinational banking and financial services corporation, "ING" redirects here. ING colleagues share their personal stories in a blog. [74] ING provides a series of internships and assists with student loans to the accepted students. Conflicts of interest and confidential information, Notice of changes interest rate benchmarks, Quarterly Results and conference presentations. I learn here? there is no better start to your career. In October 2008, in a move to increase its core Tier 1 capital ratio above 8%, ING Group accepted a capital injection plan from the Dutch Government. In 2008, as part of the late-2000s financial crisis ING Group, together with many other major banks in the Netherlands, took a capital injection from the Dutch Government. It offers services over the counter, web, phone, ATM or by mail. Mobile system started in 2019 prior to the pandemic, and offered one of the highest interest rates for the first few months of operations. Want to know more about what to expect and what we offer? But were not some kind of workplace utopia. As of 2014, ING Group is no longer the controlling shareholder of its former subsidiary, owning 47% of its shares. Following the acquisition and up until 2004, ING's investment banking division was called ING Barings, at which point it severed its ties with the Barings name and combined with ING's other wholesale banking operations. This is the story of ING in two minutes. ING ended its sponsorship of Renault in part due to a reduction in advertising spending and in part due to controversy surrounding the Renault Formula One team.[71]. In 1991 the insurance branch of Nationale-Nederlanden and the banking branch of "NMB Postbank Groep" merged. Analysts estimate that the insurance arm is worth up to 16billion. Please help update this article to reflect recent events or newly available information. ING Group traces its roots to two major insurance companies in the Netherlands and the banking services of the Dutch government. Following the separation of ING Group into ING Bank and ING Insurance, the head office of ING Bank and ING Group was the Amsterdamse Poort building. Also, in-house events are organised for Duisenberg school of finance students to give better insight on the financial industry. Photography has made it easier for me to talk to different people. [28], Under the settlement agreement, ING Bank is required to conduct a review of, and to submit a report to the Treasury Department. Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world. ING House was the head office of NN Group and located in the business district of Zuidas in Amsterdam, Netherlands from 2012 to 2014. Formerly ING Direct, the bank changed its name to ING in January 2019.[46]. ING announced a plan to exit the UK in August 2012, as it sought to raise funds to repay the Dutch government. [75], In September 2020, FinCEN Files disclosed that ING bank in Poland helped its Russian and Ukrainian tycoons to launder huge amounts of money out of Russia. It increased its Latin American and Asia Pacific's insurance businesses with the acquisition of ReliaStar and Aetna's Financial Services unit. Mortgage Pfandbriefe are a further diversification of ING-DiBa AG's funding mix.

Non-retail private banking services are offered in Netherlands, Belgium, Luxembourg, Switzerland and various countries in Asia and Central Europe. It later changed its name to "De Nederlanden van 1845". ING said it would incur a 320m (260m; $415m) after-tax loss on the sale, which would involve the transfer of 750 ING Direct staff and 1.5 million customers. Bekijk alle mogelijkheden 500eurolenen.nl", "ING posts 4Q2020 net result of 727 million, FY2020 net result of 2,485 million", "ING Long-Term Debt | ING Groep NV - GuruFocus.com", "UPDATE 3-ING to overhaul Dutch insurance business", "ReliaStar Life Insurance Company - Profile and Review", "ING Direct Has Merged with Capital One-May Affect Your FDIC Insurance", "ING receives 10 billion from Dutch government", "ING to Split in Two Amid $11.3 Billion Rights Issue", "Dutch Bank ING to Repay Half of Its Bailout Debt", "State aid for ING: the facts and figures", "UPDATE 6-ING sells LatAm ops to Colombia's GrupoSura", "ING sells Latin American insurance operations", "ING cuts stake in Brazil's SulAmrica in effort to shed assets", "U.S. Treasury Department Announces $619 Million Settlement with ING Bank, N.V.", "ING Bank N.V. Agrees to Forfeit $619 Million for Illegal Transactions with Cuban and Iranian Entities", "ING Bank to Pay $619 Million to Settle Inquiry Into Sanctions Violations", "F. Van Lanschot Bankiers and ING GROEP Ratings Affirmed on CenE Bankiers Sale Agreement Jul 04", "ING to Acquire Stake in Bank of Beijing", "ING sells stake in India's Vysya Life Insurance", "ING, Khazanah Invest in Firm Backed by Billionaire Li", "Banks complete 25 million euros securities transaction on blockchain platform", "ING puts $775 million Thailand bank stake on block: sources", "ING, a Dutch bank, finds a winning digital strategy", "ING Direct change de nom et devient tout simplement ING", "ING Philippines | Bank with High Interest & No Fees", "ING Commercial Banking renamed ING Wholesale Banking", "ING Canada to rebrand its ING Insurance subsidiary", "ING Agrees to Sell Malaysia Unit to AIA Group", "ING announces intention to launch Initial Public Offering of NN Group and listing on Euronext Amsterdam", "ING prices NN Group shares at EUR 20.00 in IPO", "ING Investment Management rebrands as NN Investment Partners", "House of Orange Keys: A list of working Orange Keys for ING House of Orange Keys", "Scotiabank to buy ING Bank of Canada for $3.13 billion in cash", "ING completes sale of ING Direct Canada", "Capital One Completes Acquisition of ING Direct", "FDIC: Bank Closing Information for NetBank", "ING to sell Capital One stake for $3 billion", "Capital One Rebrands ING Direct as Orange Ball Gets '360' Motif", "ING press release, end of F1 sponsorship", "ING to Pay $900 Million to End Dutch Money Laundering Probe", "How ING bank in Poland helped Russians launder money", National Mutual Insurance Federation of Agricultural Cooperatives, List of companies based in the Philadelphia area, Pennsylvania Real Estate Investment Trust, https://en.wikipedia.org/w/index.php?title=ING_Group&oldid=1098608441, Systemically important financial institutions, Multinational companies headquartered in the Netherlands, Financial services companies established in 1991, Investment management companies of the Netherlands, Articles with unsourced statements from November 2013, Articles with unsourced statements from June 2019, Articles with unsourced statements from April 2018, Wikipedia articles in need of updating from June 2021, All Wikipedia articles in need of updating, Articles with unsourced statements from October 2020, Creative Commons Attribution-ShareAlike License 3.0, Financial services and International units. ING bought 49% of Allgemeine Deutsche Direktbank AG in 1998, which as of 1989 traded as DiBa. The first of these was set up in Canada in 1997, and was soon followed in several other countries including the US, UK, Germany, Spain, Italy, France and Australia. Even better, youre data savvy and love working with models to drive strategic decisions. [23] The actions were in line with EU demands to split the Group's banking and insurance operations as a condition of Dutch state aid. Elsewhere, it takes a more selective approach to clients and products. Were not right for everyone. [28] ING Bank's settlement with OFAC was simultaneous with settlements with the US Attorney's Office for the District of Columbia, the New York County District Attorney's Office and the Department of Justice's National Security Division and Justice's Asset Forfeiture and Money Laundering Section. For other uses, see, 2012 settlement with US Treasury Department. In 2013, ING U.S. was spun off in an initial public offering ahead of its planned rebranding as Voya Financial. ING is a great place to be. ING has a 17% stake in the Bank of Beijing, the largest urban commercial bank in China. The ING Group (Dutch: ING Groep) is a Dutch multinational banking and financial services corporation headquartered in Amsterdam. [citation needed] The bank picked up awards for its customer services and mortgage product in 2008 and 2009.[63]. ING Corporate Finance has a strong presence in Russia and Central and Eastern Europe. The table contains the key figures of ING Holding Deutschland GmbH. In addition, ING Bank's senior management in France authorised, advised in the creation of, and ultimately provided fraudulent endorsement stamps for use by Cuban financial institutions in processing travelers check transactions, which disguised the involvement of Cuban banks in these transactions when they were processed through the United States. However, in January 2012 it cited eurozone conditions in putting the repayment timetable as 20122013 for the remaining 3billion. It is currently opening its own "bank shops" in the major towns, where customers can operate services on usual web channels, assisted or not by branch operators, and use advanced teller machines for cash and check transactions. On 9 October 2012 Barclays announced that it had agreed to buy ING Direct UK, taking on its 10.9bn deposits and 5.6bn mortgage book. In 1991, the banking business of NMB Postbank Groep and the insurance business of Nationale-Nederlanden were merged to create ING Group.[10]. And not every smart person is right for us. The orange lion on ING's logo alludes to the group's Dutch origins.[8]. [59], On 29 August 2012, Scotiabank announced the acquisition of ING Direct Canada for C$3.13 billion. Since then, the bank is operating under the name of ING Bank lski. [5] The company is a component of the Euro Stoxx 50 stock market index. Its products in Australia include transaction accounts, savings accounts, credit card, business accounts, term deposits, home loans and superannuation. [70], ING was the title sponsor of the Renault Formula One team from the 2007 season to the 2009 season. [68] Between November 2012 and February 2013 ING Direct's U.S. operations were rebranded Capital One 360.[69]. ING corporate head office is situated in Cumulus Park, Amsterdam's innovation district in the south-east of the city. In 1986, post office banking services were privatized as Postbank N.V. and three years later it would merge with NMB bank to form NMB Postbank Groep. Debt Issuance Programme 12-05-2022 (PDF 1,6 MB), Final Terms A2YNWA 25-02-2022 (PDF 296 KB), Final Terms A1KRJV 07-10-2021 (PDF 303 KB), Final Terms A1KRJU 23-05-2019 (PDF 120 KB), Final Terms A1KRJT 23-05-2019 (PDF 120 KB), ISS-oekom Second Party Opinion 2021 - ING-DiBa AG, Post-issuance Green Bond Impact Report 2021, Post-issuance Green Bond Allocation Report 2021, Pre-issuance Green Bond Impact Report & Methodology 2021, Investor Presentation September 2021 (PDF 1,6 MB), Disclosure in accordance with Art.11(14)(d) EMIR in addition to Art.20 delegated regulation (EU) 149/2013 (PDF 33 KB), Annual Financial Statement of ING-DiBa 2021 (HGB), Archive Annual Financial Statements of ING-DiBa AG (HGB), Institutional Investors Funding / Investor Relations: Dieter Schreiner Telephone +49 (0)69 / 27 222 69159 IR@ing.de, Corporate Communications Media Relations: Alexander Baumgart Telephone +49 (0) 69 / 27 222 66145 alexander.baumgart@ing.de, Wholesale Banking Telephone +49 (0) 69 / 27 222 62591 http://www.ingwb.de, Loans and advances to customer (in Mio. With more than 6,000 colleagues, we are located in Frankfurt am Main (headquarters), Berlin, Hanover, Nuremberg and Vienna. It also acquired the Polish Bank lski and Mexican insurance company Seguros Comercial Amrica. If youre a promising masters grad whos first question is what will Polio Case Reported in New York Is First in US in a Decade, Polio Case Reported in N.Y. After Decade Without Any in US, Amazon to Buy One Medical for $3.49 Billion in All-Cash Deal, Amazon Gets Whole Foods of Primary Care With One Medical Deal, TikTok Algorithm Pushes Violent Videos to Minorities, Lawsuit Says, Bidens Covid Diagnosis Shows How Far Weve Come Since Trumps, UK Spy Chief Sees Russias Military Running Out of Steam Soon, Worlds Frothiest Housing MarketCools in Global Warning Signal, Ex-Coinbase Manager Arrested in US Crypto Insider-Trading Case, Philadelphia 76ers Plot New Arena With No Public Money, Mexican Icon Frida Kahlo to Be Subject of New Stage Musical, AT&T Jumps Out of the Media Pan and Into the Dividend Fire, Bidens Covid Diagnosis Is a Wake-Up Call for America, ECBs Crisis Plan Fails to Convince Bond Traders, A Chef Tackles Inequality by Opening Farms in Black Communities, The US Has Lost Its Way on Computer Chips, Macau Casino Crash Shifts Worlds Gambling Crown to Las Vegas, LululemonD.C. WorkersSeek to Unionize, Extending Organizing Wave, Women on S&P 500 Bank Boards Post Record Stretch With No Gains, Dartmouth Names Barnards Sian Beilock as First Female President, UK Weatherman Talks About His Viral Dont Look Up Moment, Tesla Now Has an Exclusive Lane at a US-Mexico Border Crossing, How Amsterdams Mayor Is Trying to Hold Back a Tide of Tourism, Royal Institute of British Architects Announces 2022 Stirling Prize Shortlist, Crypto Crash Be Damned, Some Workers Still Choose Digital Pay, Indonesia Plans Wholesale Digital Currency to Improve Transfers. ING-DiBa AG provides banking services. In the Netherlands, ING is the largest retail bank by market share, holding 40% of current account deposits,[37] and by total assets. [20], In December 2009, ING raised 7.3billion through share issues, and repurchased securities representing half of the 10billion in state aid. [64] Through this, ING Direct took over responsibility for 2.5billion of deposits of 160,000 UK customers with the Icelandic bank Kaupthing Edge. In the Wholesale Banking segment we provide banking solutions and services for large, multinational companies. ING is a major global sponsor of association football, sponsoring the Royal Dutch Football Association, Royal Belgian Football Association and the Asian Football Confederation (AFC).