ING Groep N.V. Stock

ING Groep N.V. operates as a global financial institution.

The company’s primary banking subsidiary is ING Bank N.V. (together with its consolidated subsidiaries, ‘ING Bank’).

ING is a global financial institution with a strong European base, offering Retail and Wholesale Banking services to 37 million customers in over 40 countries. The company offers retail and wholesale banking services to customers in over 40 countries. ING’s Retail business includes the Business Banking segment and serves customers ranging from individuals to small and medium-sized businesses and mid-corporate clients. ING offers these customers a full range of banking products and services, covering payments, savings, mortgages, insurance, investments and secured and unsecured lending. The Wholesale Banking business provides corporate clients (large companies and multinationals) and financial institutions with advisory value propositions such as specialised lending, tailored corporate finance, sustainable and sustainability-linked financing and debt and equity-market solutions. It also offers daily banking services such as payments and cash management and trade and treasury services.

Segments

Retail Netherlands (Market Leaders)

This segment engages in retail and private banking activities in the Netherlands, including the SME and mid-corporate segments, and the Real Estate Finance portfolio related to Dutch domestic mid-corporates. The main products offered are current and savings accounts, business lending, mortgages and other consumer lending in the Netherlands.

Retail Belgium (Market Leaders)

This segment engages in retail and private banking activities in Belgium (including Luxembourg), including the SME and mid-corporate segments. The main products offered are similar to those in the Netherlands.

Retail Germany (Challengers and Growth Markets)

This segment engages in retail and private banking activities in Germany (including Austria). The main products offered are current and savings accounts, mortgages and other customer lending.

Retail Other (Challengers and Growth Markets)

This segment engages in the retail banking activities in the rest of the world, including the SME and mid-corporate segments in specific countries. The main products offered are similar to those in the Netherlands.

Wholesale Banking

This segment engages in wholesale banking activities. The main products are lending, debt capital markets, working capital solutions, export finance, daily banking solutions, treasury and risk solutions, and corporate finance.

Regulation and Supervision

ING Bank also has a subsidiary in the United States, ING Financial Holdings Corporation, which through several operating subsidiaries (one of which is registered with the U.S. Commodity Futures Trading Commission (CFTC) as a swap dealer and another of which is registered with the U.S. Securities and Exchange Commission as a securities broker-dealer) offers various financial products (including lending) and financial markets products.

Under the Single Supervisory Mechanism (SSM), the European Central Bank (ECB) is ING Group’s and ING Bank’s principal prudential supervisor. National supervisors, including the Dutch Central Bank for the company and ING Bank, remain responsible for supervision of tasks that have not been transferred to the ECB, such as financial crime and payment supervision.

The company participated in the 2020 EU-wide stress test conducted by the European Banking Association (EBA) in cooperation with the ECB, the Dutch central bank (DNB), the European Commission, and the European Systemic Risk Board (ESRB).

In addition to running internal stress test scenarios to reflect the outcomes of the annual risk assessment, ING also participates in regulatory stress test exercises. ING participated in the 2021 EU-wide stress test conducted by the EBA in cooperation with the European Central Bank (ECB) and the European Systemic Risk Board (ESRB).

Competition

The company’s main competitors in the banking sector in the Netherlands are ABN AMRO Bank and Rabobank.

History

ING Groep N.V. was founded as a Naamloze Vennootschap (a Dutch public limited liability company) in 1762.