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.
- 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|
|Gross commission income||€4,234||€3,941|
|Net trading income||€670||€1,662|
|Result before tax from continuing operations||€4,107||€4,074|
|Net result from continuing operations||€3,094||€3,073|
|Balance sheet data (in millions of euros)|
|Total shareholders’ equity||€45,941||€51,777|
|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”