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Encyclopedia > ING Group
ING Group N.V.
Type Public (Euronext: INGA, NYSE: ING)
Founded 1991
Headquarters Amsterdam, the Netherlands
Key people Michel Tilmant, CEO (since May 2004)
Cornelius Herkströter, Chairman (since 2004)
Industry Financial services
Products Banking
Insurance
Asset management
Revenue 73.621 billion (2006)
Operating income 9.940 billion (2006)
Net income 8.033 billion (2006)
Employees 115,218
Website www.ing.com
ING House, ING headquarters in Amsterdam
ING House, ING headquarters in Amsterdam

ING Groep N.V. (NYSE: ING, Euronext: INGA) (known as ING Group) is a financial institution of Dutch origin offering banking, insurance and asset management services. ING once stood for Internationale Nederlanden Groep. Image File history File links ING.svg‎ The logo of ING Group. ... This article does not cite any references or sources. ... Euronext N.V. is a pan-European stock exchange based in Paris[1] and with subsidiaries in Belgium, France, Netherlands, Portugal and the United Kingdom. ... The New York Stock Exchange (NYSE), nicknamed the Big Board, is a New York City-based stock exchange. ... Year 1991 (MCMXCI) was a common year starting on Tuesday (link will display the 1991 Gregorian calendar). ... For other uses, see Amsterdam (disambiguation). ... Please wikify (format) this article or section as suggested in the Guide to layout and the Manual of Style. ... Chief Executive Officer (CEO) is the job of having the ultimate executive responsibility or authority within an organization or corporation. ... A Chairman is the presiding officer of a meeting, organization, committee, or other deliberative body. ... Financial services is a term used to refer to the services provided by the finance industry. ... For other uses, see Bank (disambiguation). ... Insurance, in law and economics, is a form of risk management primarily used to hedge against the risk of a contingent loss. ... Asset management is the method that a company uses to track fixed assets, for example factory equipment, desks and chairs, computers, even buildings. ... Look up revenue in Wiktionary, the free dictionary. ... Image File history File links No higher resolution available. ... For other uses, see Euro (disambiguation). ... One thousand million (1,000,000,000) is the natural number following 999,999,999 and preceding 1,000,000,001. ... Year 2006 (MMVI) was a common year starting on Sunday of the Gregorian calendar. ... Earnings before interest and taxes (EBIT), also known as operating income and operating profit, is a term used to describe a companys earnings. ... Image File history File links No higher resolution available. ... For other uses, see Euro (disambiguation). ... One thousand million (1,000,000,000) is the natural number following 999,999,999 and preceding 1,000,000,001. ... Year 2006 (MMVI) was a common year starting on Sunday of the Gregorian calendar. ... Net income is equal to the income that a firm has after subtracting costs and expenses from the total revenue. ... Image File history File links No higher resolution available. ... For other uses, see Euro (disambiguation). ... One thousand million (1,000,000,000) is the natural number following 999,999,999 and preceding 1,000,000,001. ... Year 2006 (MMVI) was a common year starting on Sunday of the Gregorian calendar. ... This article is about work. ... A website (alternatively, Web site or web site) is a collection of Web pages, images, videos or other digital assets that is hosted on one or several Web server(s), usually accessible via the Internet, cell phone or a LAN. A Web page is a document, typically written in HTML... Image File history File linksMetadata Size of this preview: 800 × 600 pixel Image in higher resolution (2576 × 1932 pixel, file size: 1. ... Image File history File linksMetadata Size of this preview: 800 × 600 pixel Image in higher resolution (2576 × 1932 pixel, file size: 1. ... For other uses, see Amsterdam (disambiguation). ... The term Naamloze Vennootschap (usually abbreviated NV) is the Dutch terminology for a public limited liability company. ... The New York Stock Exchange (NYSE), nicknamed the Big Board, is a New York City-based stock exchange. ... Euronext N.V. is a pan-European stock exchange based in Paris[1] and with subsidiaries in Belgium, France, Netherlands, Portugal and the United Kingdom. ... In financial economics, a financial institution acts as an agent that provides financial services for its clients. ... For other uses, see Bank (disambiguation). ... Insurance, in law and economics, is a form of risk management primarily used to hedge against the risk of a contingent loss. ... Asset management is the method that a company uses to track fixed assets, for example factory equipment, desks and chairs, computers, even buildings. ...


As of 2003, ING covers 60 million private, corporate and institutional clients in 50 countries with a workforce of over 115,000 people. It has offices in Canada, Peru, Chile, Spain, France, Italy, Romania, Mexico, the United States, Germany, UK, Belgium, Poland, Austria, Taiwan and Australia. It owns ING Direct, a virtual bank with operations in Australia, Canada, the USA, UK, Spain and elsewhere. In the 2007 Forbes Global 2000, ING was the tenth-largest company in the world. 2003 is a common year starting on Wednesday of the Gregorian calendar, and also: The International Year of Freshwater The European Disability Year Events January events January 1 Luíz Inácio Lula Da Silva becomes the 37th President of Brazil. ... ING Direct is a branchless direct bank with operations in Austria, Australia, Canada, France, Germany, Italy, Spain, United Kingdom and the United States. ... A virtual bank is a bank with a very small or inexistent branch system. ... The Forbes Global 2000 - is an annual ranking of the top 2000 corporations in the world by Forbes magazine. ...


ING's headquarters in Amsterdam is somewhat renowned as an autonomous building. For other uses, see Amsterdam (disambiguation). ... It has been suggested that this article or section be merged with Off-the-grid. ...

Contents

Advertising and sponsorship

ING's Canadian commercials feature Dutch actor Frederik de Groot. In Australia, they feature Scottish comedian Billy Connolly. Frederik de Groot (born May 23, 1946 in Bilthoven) is a Dutch actor. ... This article is about the country. ... Dr William Billy Connolly, CBE, (born 24 November 1942) is a Scottish comedian, musician, presenter, and actor. ...


From 2007, ING became the title sponsor of the Renault Formula One team. This will continue until at least 2009. In November 2006, ING was announced as the naming rights sponsor of the Australian Grand Prix and Belgian Grand Prix in a three-year deal; The "ING Australian Grand Prix" and "2007 ING Belgian Grand Prix" will be the first of the 2007 season. 2007 Formula One season - Wikipedia, the free encyclopedia /**/ @import /skins-1. ... Renault F1 is the Renault companys Formula One racing team. ... F1 redirects here. ... 2009 Formula One season - Wikipedia, the free encyclopedia /**/ @import /skins-1. ... Naming rights are the right to name a piece of property, either tangible property or an event, usually granted in exchange for financial considerations. ... This article does not cite any references or sources. ... Promotional poster for the first Australian Grand Prix in Adelaide in 1985. ... This article is about Formula One race. ... The 2007 Australian Grand Prix was a Formula One motor race held on March 18, 2007 at the Melbourne Grand Prix Circuit. ... The 2007 Belgian Grand Prix is the fourteenth race of the 2007 Formula One season, returning to the F1 calendar after a years absence. ...


In recent years, ING has been the title sponsor of the New York City Marathon. This sponsorship deal will continue until 2010. The New York City Marathon is an annual marathon foot-race run over a 42,195 m (26. ... 2010 (MMX) will be a common year starting on Friday of the Gregorian calendar. ...


History

The company was created from the 1990 merger of Nationale-Nederlanden and NMB Postbank Groep. Look up company in Wiktionary, the free dictionary. ... The phrase mergers and acquisitions or M&A refers to the aspect of corporate finance strategy and management dealing with the merging and acquiring of different companies as well as assets. ...

Year 1995 (MCMXCV) was a common year starting on Sunday (link will display full 1995 Gregorian calendar). ... To meet Wikipedias quality standards, this article or section may require cleanup. ... Investment management is the professional management of various securities (shares, bonds etc) assets (e. ... Barings Bank, previously known as Baring Brothers & Co. ... For the band, see 1997 (band). ... For the band, see 1997 (band). ... ING Direct is a branchless direct bank with operations in Austria, Australia, Canada, France, Germany, Italy, Spain, United Kingdom and the United States. ... Year 1998 (MCMXCVIII) was a common year starting on Thursday (link will display full 1998 Gregorian calendar). ... This article is about the year. ... Year 2000 (MM) was a leap year starting on Saturday (link will display full 2000 Gregorian calendar). ... Motto: (Out Of Many, One) (traditional) In God We Trust (1956 to date) Anthem: The Star-Spangled Banner Capital Washington D.C. Largest city New York City None at federal level (English de facto) Government Federal constitutional republic  - President George Walker Bush (R)  - Vice President Dick Cheney (R) Independence from... Year 2000 (MM) was a leap year starting on Saturday (link will display full 2000 Gregorian calendar). ... Year 2001 (MMI) was a common year starting on Monday (link displays the 2001 Gregorian calendar). ... Also see: 2002 (number). ... Year 2004 (MMIV) was a leap year starting on Thursday of the Gregorian calendar. ... Year 2004 (MMIV) was a leap year starting on Thursday of the Gregorian calendar. ... The private bank Sal. ... Year 2006 (MMVI) was a common year starting on Sunday of the Gregorian calendar. ... Year 2007 (MMVII) is the current year, a common year starting on Monday of the Gregorian calendar and the AD/CE era in the 21st century. ... Year 2007 (MMVII) is the current year, a common year starting on Monday of the Gregorian calendar and the AD/CE era in the 21st century. ... For other uses, see Europe (disambiguation). ... Year 2007 (MMVII) is the current year, a common year starting on Monday of the Gregorian calendar and the AD/CE era in the 21st century. ... Motto: (Out Of Many, One) (traditional) In God We Trust (1956 to date) Anthem: The Star-Spangled Banner Capital Washington D.C. Largest city New York City None at federal level (English de facto) Government Federal constitutional republic  - President George Walker Bush (R)  - Vice President Dick Cheney (R) Independence from... ShareBuilder is a web-based stock brokerage firm which allows recurring, automatic purchases of shares of stock and exchange-traded funds. ...

Investigations into investment and business practices

Over the past several years, the ING Group has come under considerable scrutiny over the ethics of some of their business practices. In October of 2005, the National Association of Securities Dealers (NASD), the leading private-sector provider of financial regulatory services, ordered ING Funds Distributor (IFD) to pay fines of $1.5 million for permitting improper market timing in ING funds and related violations, $1.4 million in restitution to affected mutual funds, and $25,000 fine and 30-day supervisory suspension on an IFD supervisor.[1] For other uses, see Ethics (disambiguation). ... // General definition Business ethics is the branch of ethics that examines ethical rules and principles within a commercial context; the various moral or ethical problems that can arise in a business setting; and any special duties or obligations that apply to persons who are engaged in commerce. ... NASD executive office on K Street in downtown Washington, D.C. The National Association of Securities Dealers, also known as the NASD, is the regulatory body primarily responsible for the regulation of persons involved in the securities industry in the United States. ... The private sector of a nations economy consists of all that is outside the state. ... Market timing is the strategy of making buy or sell decisions of financial assets (often stocks) by attempting to predict future market price movements. ... Restitution is the name given to a form of legal relief in which the plaintiff recovers something from the defendant that belongs, or should belong, to the plaintiff. ... The central idea of a mutual fund is to enable investors to pool their money and place it under professional investment management. ... FINE was created in 1998 and is an informal association of the four main Fair Trade networks: F Fairtrade Labelling Organizations International (FLO) I International Fair Trade Association (IFAT) N Network of European Worldshops (NEWS!) and E European Fair Trade Association (EFTA) // The aim of FINE is to enable these...


On 2002-09-07 ING increased its stake in the equity from 20% to 43.99% in the erstwhile The Vysya Bank Ltd as a result of which The Vysya Bank Ltd changed its name to ING Vysya Bank Ltd. Also see: 2002 (number). ... is the 250th day of the year (251st in leap years) in the Gregorian calendar. ... Look up -ing in Wiktionary, the free dictionary. ... The Court of Chancery, London, early 19th century This article is about the concept of equity in the jurisprudence of common law countries. ...


See also

ING Direct is a branchless direct bank with operations in Austria, Australia, Canada, France, Germany, Italy, Spain, United Kingdom and the United States. ... The European Financial Services Roundtable (EFSR) is a European organization, located in Brussels, Belgium, of financial service companies to provide a voice on policies of the European Union related to financial matters. ... Renault F1 is the Renault companys Formula One racing team. ...

References

  1. ^ US PR Newswire, “NASD Orders ING Funds Distributor to Pay $1.5 Million Fine, $1.4 Million in Restitution for Permitting Improper Market Timing; NASD Also Sanctions ING Funds Distributor Supervisor,” October 3, 2005

Market timing is the strategy of making buy or sell decisions of financial assets (often stocks) by attempting to predict future market price movements. ...

External links

  • ING.com ING Group mobile
  • Pictures of the ING Group Headquarters, Amsterdam
  • ING Direct U.S. rate history (2001-present)

  Results from FactBites:
 
ING Australia > ING Group (292 words)
ING Group is a global financial services company of Dutch origin with 150 years of experience, providing a wide array of banking, insurance and asset management services in over 50 countries.
ING is the number one financial services company in its home market of the Netherlands.
ING Direct is a leading direct bank with over 15 million customers in nine large countries.
ING Vysya Life - About Us (542 words)
ING Group is known for its philosophy of ‘keeping it simple’.
The ING Group has gone from strength to strength year after year and is the world's 13th largest company*.
The culture at Enam Group is deeply rooted in ethics, innovation and financial sobriety.
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