The ING Group is a multinational banking and financial services company based in Amsterdam, Holland.
The company’s main operations include insurance services , retail banking, commercial banking, asset management, investment banking, and retail banking, and retirement services.
The ING Group was formed in 1991 following a merger of the Dutch bank NMB Postbank and the insurance company of Nationale-Nederlanden.
ING is an abbreviation for Internationale Nederlanden Groep (International Netherlands Group).
The company provides banking solutions for over 48 million customers in 40 countries, with a team of around 75,000 employees. Its customer base is comprised of individuals, families, small businesses, large corporations, institutions and governments.
The ING Group operates the NN Group – a European leader in insurance and investment management, with a major presence across 18 countries in the continent. It has several business segments: Netherlands Life, Netherlands Non-life, Insurance Europe, Japan Life, Investment Management, Other (Nationale-Nederlanden Bank, ING Reinsurance and Holding) and Japan Closed Block VA.
Overview
- Chairman: Peter Elverding
- CEO: Ralph Hamers
- Industry: Banking, financial services
- Type: Public
- Listed on Euronext and the New York Stock Exchange
- Euronext stock symbol: INGA
- NYSE stock symbol: ING
- Income: €26.301 billion EUR (2013)
- Earnings (loss) per share: €0.71 EUR (2013)
- Total assets: €1,080.624 billion EUR (2013)
- Founded: 1991
- Headquarters: Amsterdamse Poort, Bijlmerplein 888, 1102 MG Amsterdam, The Netherlands
- Employees: 84,000 (2013)
- Website: http://www.ing.com/
- Investor relations contact number: +31 20 5639111
| Income statement data (in millions of euros) | 2013 | 2012 |
| Interest income banking operations | €51,394 | €60,003 |
| Investment income | €3,918 | €4,260 |
| Gross commission income | €4,234 | €3,941 |
| Net trading income | €670 | €1,662 |
| Other income | €208 | -€398 |
| Total income | €26,301 | €28,900 |
| Total expenses | €22,194 | €24,826 |
| Result before tax from continuing operations | €4,107 | €4,074 |
| Taxation | €1,013 | €1,001 |
| Net result from continuing operations | €3,094 | €3,073 |
| Balance sheet data (in millions of euros) | ||
| Total assets | €1,080,624 | €1,166,191 |
| Total liabilities | €1,027,781 | €1,111,083 |
| Total shareholders’ equity | €45,941 | €51,777 |
| Total equity | €52,843 | €55,108 |
| Common share data (in euros) | ||
| Earnings per Common Share – Basic | €0.71 | €0.93 |
| Earnings per Common Share – Diluted | €0.71 | €0.93 |
Source: “ING Group Annual Report 2013”