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ING Group

ING Group
Company nameING Groep N.V.
Company typeNaamloze vennootschap
IndustryFinancial services
Founded1991 through merger
(est. 1743 as Kooger Doodenbos)
HeadquartersAmsterdam, Netherlands
Area servedWorldwide
Key peopleJan Hommen (CEO), Patrick Flynn (CFO), Peter Elverding (Chairman of the supervisory board)
ProductsRetail, direct, private, investment and commercial banking, insurance and asset management
Revenue-54.43 billion (2010)
Net income-3.220 billion (2010)
Total assets-1.247 trillion (end 2010)
Total equity-47.28 billion (end 2010)
Employees107,110 (FTE, end 2010)

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The ING Group (Euronext - INGA, Nyse - ING) is a global financial institution offering retail banking, direct banking, commercial banking, investment banking, asset management, and insurance services. ING is the Dutch member of the Inter-Alpha Group of Banks, a cooperative consortium of 11 prominent European banks. ING is an abbreviation for (English: International Netherlands Group).

The Orange Lion on ING's logo is a play on the Group's Dutch origins under the House of Orange-Nassau. Like other prominent Anglo-Dutch banking conglomerates (e.g. RBS, ABN AMRO, Barclays, HSBC), ING's earliest roots lie in banking houses that provided financial services to the British/Dutch East India Companies that conducted intercontinental trade across India, SE Asia and China during the 17th, 18th and 19th centuries.

Today, ING is the largest banking/financial services & insurance conglomerate in the world by revenue with current gross receipts exceeding -54 billion ($77 billion) per annum. The Group is also the world's 12th largest corporation by revenue according to the Global Fortune 500. As of 2009, ING serves over 85 million individual and institutional clients in more than 45 countries, with a worldwide workforce exceeding 100,000.

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