The ING Group (Dutch: ING Groep) is a Dutch bunch cyberbanking and cyberbanking casework association headquartered in Amsterdam. Its primary businesses are retail banking, absolute banking, bartering banking, investment banking, asset management, and allowance services. ING is an abridgement for Internationale Nederlanden Groep (English: International Netherlands Group).
The orange bobcat on ING's logo alludes to the Group's Dutch origins beneath the House of Orange-Nassau.[3] ING is the Dutch affiliate of the Inter-Alpha Group of Banks, a accommodating bunch of 11 arresting European banks. ING Bank was included in a account of all-around systemically important banks in 2012.
According to the "Fortune All-around 500" in 2012, ING was the world's better banking/financial casework and allowance amassed by acquirement with gross receipts beyond $150 billion per annum; overall, it was the 18th better association by revenue. As of 2013, ING served over 48 actor alone and institutional audience in added than 40 countries, with a common workforce beyond 75,000. The aggregation is a basic of the Euro Stoxx 50 banal bazaar index.
Insurance
In 1845 the blaze allowance aggregation the Assurantie Maatschappij tegen Brandschade de Nederlanden van 1845 (Fire allowance aggregation of the Netherlands accustomed 1845) was founded and grew to be the aboriginal allowance aggregation with branches alfresco the Netherlands, of which it had 139 the apple over by 1900. It after afflicted its name to "De Nederlanden van 1845". Two decades after in 1863 the activity allowance aggregation Nationale Levensverzekerings Bank (National Activity Allowance Bank) was founded in Rotterdam. These two allowance companies would accomplish assorted acquisitions afore amalgamation to anatomy the accumulated allowance aggregation the Nationale-Nederlanden in 1963. The accumulated allowance aggregation would aggrandize decidedly during the 1970s and 1980s
ING Group broadcast its all-embracing business through a amount of acquisitions through the 1990s including Belgian coffer Banque Bruxelles Lambert (BBL) in 1998, US-based allowance aggregation Equitable of Iowa and the bartering coffer Furman Selz. It aswell acquired Frankfurt based BHF-Bank in 1999, although disposed of this later. It added its Latin American and Asia Pacific's allowance businesses with the accretion of ReliaStar and Aetna's Banking Casework unit. It aswell acquired the Polish Coffer Śląski and Mexican allowance aggregation Seguros Comercial América.
However, it was the 1995 acquirement of Barings Coffer afterwards its affecting abortion that saw ING Group's investment cyberbanking business additional significantly.
Expanding its retail cyberbanking business overseas, rather than actualize a annex network, it acclimated the absolute cyberbanking business archetypal it had developed with NMB Postbank to barrage an across absolute cyberbanking businesses alleged ING Direct. The aboriginal of these was set up in Canada in 1997, and was anon followed in a amount of added countries including the US, UK, Germany, France and Australia. The no frills, top amount accumulation accounts that could alone be accessed online were a acknowledged adventure and spawned a amount of agnate casework from battling banks.
In 2008, as allotment of the late-2000s banking crisis ING Group, calm with all added aloft banks in the Netherlands, took a basic bang from the Dutch Government. This abutment added ING's basic arrangement aloft 8%, about as a action of Dutch accompaniment aid, the EU accepted a amount of changes to the aggregation structure. This resulted in the auction of a amount of businesses about the world, which included allowance businesses in Latin America, Asia, Canada, Australia and New Zealand and the ING Absolute assemblage in the US, Canada and the UK. This included the auction of the ING Absolute US operations to Basic One and the ING Absolute UK operations to Barclays coffer in 2012. The spun-off allowance businesses in North America were renamed Voya Banking in 2014.
In 1881, the Dutch government created the Rijkspostspaarbank, a postal accumulation arrangement to animate workers to alpha saving. Four decades after they added the Postcheque and Girodienst casework acceptance alive families to accomplish payments via column offices. Separately in 1927, the Dutch government accomplished a re-organisation of Dutch banks which resulted in the conception of the Nederlandsche Middenstands Coffer (NMB). NMB's focus was retail cyberbanking in the Netherlands and abroad.
In 1986, column appointment cyberbanking casework were privatised as Postbank N.V. and three years after it would absorb with NMB coffer to anatomy NMB Postbank Groep.