ING Group N.V. (NYSE: ING)
Banks - Diversified · Amsterdam, Netherlands · Founded 1991
- Market capitalization: $50.0 billion
- Annual revenue: $22.0 billion
- Net income: $7.0 billion
- Employees: 60,000
- Sector: Financial Services
- Headquarters: Amsterdam, Netherlands
- Founded: 1991
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ING Group is the Dutch banking giant that has reinvented itself as a digital-first retail and wholesale bank. Operating primarily in Europe and Australia, ING serves over 38 million customers through its distinctive orange-branded mobile banking platform. The company shed its insurance operations years ago to focus purely on banking. ING Direct pioneered high-yield online savings accounts in multiple countries.
ING generates revenue from net interest income on retail mortgages and corporate loans, supplemented by fee income from wholesale banking services including trade finance and lending. The lean digital model keeps cost-to-income ratios among the lowest in European banking.
ING was formed in 1991 from the merger of Nationale-Nederlanden and NMB Postbank Group. The bank required a €10 billion government bailout during the 2008 crisis, which it fully repaid by 2014. The divestiture of ING Direct USA (sold to Capital One in 2012) and insurance operations marked a strategic pivot to focused banking.
| Market Capitalization | $50.0B |
| Annual Revenue | $22.0B |
| Net Income | $7.0B |
| Profit Margin | 32% |
| Revenue per Employee | $366667K |
| Stock Exchange | NYSE |
| Ticker Symbol | ING |
Financial data is approximate and based on most recent annual filings.
ING's mobile banking app consistently ranks among the highest-rated banking apps in Europe. The bank was an early adopter of agile methodology at enterprise scale, reorganizing its entire workforce into squads and tribes inspired by Spotify's model.
ING has built one of the most efficient banking platforms in Europe, but the lack of a fee-generating wealth management or investment banking arm limits its earnings ceiling. It's a well-run bank in search of a growth catalyst.
What is ING Group N.V.'s revenue?
ING Group N.V. generates approximately $22.0 billion in annual revenue.
How many employees does ING Group N.V. have?
ING Group N.V. employs approximately 60,000 people worldwide.
What is ING Group N.V.'s market cap?
ING Group N.V. (ING) has a market capitalization of approximately $50.0 billion on the NYSE.
When was ING Group N.V. founded?
ING Group N.V. was founded in 1991 and is headquartered in Amsterdam, Netherlands.
Who is the CEO of ING Group N.V.?
Steven van Rijswijk is the current CEO of ING Group N.V..
What is ING Group N.V.'s website?
ING Group N.V.'s official website is ing.com.
| CEO | Steven van Rijswijk |
| Sector | Financial Services |
| Industry | Banks - Diversified |
| Founded | 1991 |
| HQ | Amsterdam |
| Country | Netherlands |
| Website | ing.com |
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