ING, officially ING Groep N.V., is a financial institution of Dutch origin offering banking, insurance and asset management services. ING once stood for Internationale Nederlanden Group.
As of 2003, ING covers 60 million private, corporate and institutional clients in 60 countries with a workforce of over 115,000 people. It has offices in Canada, Spain, France, Italy, the USA, UK and Australia.
Files SEC reports under ING GROEP NV. Traded under symbol ING on NYSE.
History
The company was created from the 1991 merger of Nationale-Nederlanden and NMB Postbank Groep.
In 1995, acquired investment bank and asset management firm Barings.
In 1997, acquired insurer Equitable of Iowa Companies.
In 1998, acquired bank Brussels Lambert of Belgium.
In 1999, acquired BHF-Bank of Germany.
In 2000, acquired US insurers ReliaStar, Aetna Financial Services and Aetna International.
In 2001, acquired bank Slaski of Poland, and insurer Seguros Comercial America of Mexico.
