A Brief History of ING Groep N.V. (ING)

ING Groep N.V. is a Dutch multinational banking and financial services corporation headquartered in Amsterdam. It was formed in 1991 through the merger of Nationale-Nederlanden and NMB Postbank Group.

Here is a brief timeline of important events in the history of ING:

• 1991: ING Groep N.V. is formed through the merger of Nationale-Nederlanden and NMB Postbank Group.
• 1997: ING acquires the Barings Bank after it faced financial collapse due to the activities of rogue trader Nick Leeson.
• 2000: ING merges with the Belgian bank Banque Bruxelles Lambert (BBL), expanding its presence in the European market.
• 2007: ING acquires the online bank ING Direct USA, helping to expand its retail banking operations in the United States.
• 2008: During the global financial crisis, ING receives a bailout from the Dutch government to stabilize its operations.
• 2016: ING announces plans to separate its insurance and banking operations as part of a strategic restructuring.
• 2020: ING faces scrutiny for money laundering allegations, leading to investigations and fines by regulators in various countries.

Who Owns ING Groep N.V. (ING)

ING Groep N.V. (ING) is a multinational banking and financial services corporation based in the Netherlands. As a publicly traded company, ING has a diverse ownership structure. The largest shareholders of ING are institutional investors, including major pension funds, asset management firms, and other financial institutions. These institutional investors hold significant stakes in the company and play a crucial role in its governance and decision-making processes.

Some of the top institutional investors in ING Groep N.V. include:

• BlackRock: One of the largest asset management firms in the world, BlackRock owns a substantial number of shares in ING and has a significant influence on the company's operations.
• Vanguard Group: Another major asset management firm, Vanguard Group is a key shareholder in ING and actively participates in shaping the company's strategic direction.
• Norges Bank Investment Management: As the investment arm of Norway's central bank, Norges Bank Investment Management holds a sizable stake in ING and plays a crucial role in overseeing the company's performance.

While institutional investors dominate the ownership of ING Groep N.V., the company's shares are also held by individual investors through stock exchanges. These retail investors, though smaller in number compared to institutional investors, collectively own a portion of the company and contribute to its overall shareholder base.

ING Groep N.V. (ING) Mission Statement

The mission of ING Groep N.V. (ING) is to empower people to stay a step ahead in life and in business. We aim to help our customers manage their financial future by providing innovative products and services that meet their evolving needs.

At ING, we value integrity, respect, and entrepreneurship in everything we do. We strive to build long-term relationships with our customers based on trust and transparency.

• Customer Centricity: We prioritize the needs and preferences of our customers in all our decisions and actions.
• Innovation: We continuously seek new ways to improve and evolve our products and services to better serve our customers.
• Sustainability: We are committed to making a positive impact on society and the environment through responsible business practices.
• Diversity and Inclusion: We embrace diversity and create an inclusive workplace where all employees feel valued and respected.

How ING Groep N.V. (ING) Works

ING Groep N.V. (ING) is a global financial institution based in the Netherlands. It offers a wide range of banking services to individuals, businesses, and institutions worldwide. Here is how ING operates:

• Retail Banking: ING provides banking services to individual customers, including savings accounts, checking accounts, loans, mortgages, and investment products. Customers can access their accounts online, through mobile apps, or at ING branches.
• Commercial Banking: ING offers banking services to small and medium-sized enterprises (SMEs) and large corporations. These services include business loans, cash management, trade finance, and treasury services.
• Wholesale Banking: ING provides financial services to institutional clients, including asset managers, pension funds, insurance companies, and government entities. These services include corporate finance, capital markets, and risk management.
• Digital Banking: ING is known for its innovative digital banking solutions. It has invested heavily in technology to provide customers with a seamless and convenient banking experience. This includes online banking platforms, mobile apps, and artificial intelligence tools.
• Sustainability: ING is committed to sustainability and actively supports initiatives to combat climate change and promote social responsibility. The company has set targets to reduce its carbon footprint and increase investments in renewable energy projects.

Overall, ING Groep N.V. operates as a modern and customer-centric financial institution that leverages technology to provide efficient banking services while also prioritizing sustainability and social responsibility.

How ING Groep N.V. (ING) Makes Money

ING Groep N.V. (ING) is a global financial institution that primarily generates revenue through a variety of banking and financial services. Here are some of the key ways in which ING makes money:

• Interest Income: One of the primary ways that ING generates revenue is through the interest income it earns on loans and mortgages that it provides to customers. This includes interest earned on business loans, personal loans, and mortgages.
• Fee Income: ING also earns money through various fees charged to customers for services such as account maintenance, transactions, wealth management, and investment advisory services.
• Trading and Investment Income: ING engages in trading activities in financial markets and earns income through buying and selling securities, currencies, and other financial instruments. The bank also earns income from its investment portfolios.
• Insurance Premiums: ING offers various insurance products such as life insurance, health insurance, and property insurance, through which it earns premiums from policyholders.
• Asset Management Fees: ING provides asset management services to institutional and retail clients, earning fees based on the assets under management and the performance of the investment portfolios.

Overall, ING Groep N.V. generates revenue through a diversified range of banking, financial, and insurance services, catering to individuals, businesses, and institutional clients globally.