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The ING Group
ING Group
(Dutch: ING Groep) is a Dutch multinational banking and financial services corporation headquartered in Amsterdam. Its primary businesses are retail banking, direct banking, commercial banking, investment banking, asset management, and insurance services. ING is an abbreviation for Internationale Nederlanden Groep (English: International Netherlands
Netherlands
Group). The orange lion on ING's logo alludes to the Group's Dutch origins under the House of Orange-Nassau.[3] ING is the Dutch member of the Inter-Alpha Group of Banks, a cooperative consortium of 11 prominent European banks.[4] ING Bank
Bank
was included in a list of global systemically important banks in 2012. According to the Fortune Global 500 in 2012, ING was the world's largest banking/financial services and insurance conglomerate by revenue with gross receipts exceeding $150 billion per annum; overall, it was the 18th largest corporation by revenue.[5] As of 2013, ING served over 48 million individual and institutional clients in more than 40 countries, with a worldwide workforce exceeding 75,000. The company is a component of the Euro
Euro
Stoxx 50 stock market index.[6]

Contents

1 History

1.1 Insurance 1.2 Banking 1.3 Merger of banking and insurance 1.4 Further acquisitions 1.5 Overseas expansion 1.6 Capital injection and divestiture

2 Global operations 3 Global headquarters 4 Recent notable transactions

4.1 Latin American
Latin American
divestment 4.2 Capital injection and repayment 4.3 2012 Settlement with US Treasury Department

4.3.1 Activities

4.4 ING US IPO and re-brand

5 Divisions

5.1 Retail banking 5.2 Shareholdings in other banks 5.3 Direct Banking

5.3.1 ING Australia 5.3.2 ING-DiBa 5.3.3 ING Direct France

5.4 Wholesale Banking

5.4.1 Corporate finance

5.5 Insurance

5.5.1 ING Australia

5.6 ING Investment Management

6 Former Divisions

6.1 ING Direct Canada 6.2 ING Direct United Kingdom 6.3 ING Direct United States

7 Sponsorships

7.1 Sporting 7.2 Arts 7.3 Education

8 See also 9 References 10 External links

History[edit] ING Group
ING Group
traces its roots to two major insurance companies in the Netherlands
Netherlands
and the banking services of the Dutch government. Insurance[edit] In 1845 the fire insurance company the Assurantie Maatschappij tegen Brandschade de Nederlanden van 1845 ("Fire Insurance
Insurance
Company of the Netherlands
Netherlands
of 1845") was founded. It grew to be the leading Dutch insurance company with branches outside the Netherlands
Netherlands
(139 the world over by 1900). It later changed its name to "De Nederlanden van 1845". Two decades later, in 1863, the life insurance company Nationale Levensverzekerings Bank
Bank
("National Life Insurance
Insurance
Bank") was founded in Rotterdam. These two insurance companies made multiple acquisitions, and in 1963 merged to form the Nationale-Nederlanden insurance company. Nationale-Nederlanden
Nationale-Nederlanden
expanded significantly during the 1970s and 1980s.[7] Banking[edit]

An ING Bank
Bank
in Nieuw-Vennep, the Netherlands

In 1881, the Dutch government created the Rijkspostspaarbank, a postal savings system to encourage workers to start saving. Four decades later they added the Postcheque and Girodienst services allowing working families to make payments via post offices. Separately in 1927, the Dutch government initiated a re-organisation of Dutch banks which resulted in the creation of the Nederlandsche Middenstands Bank (NMB). NMB's focus was retail banking in the Netherlands
Netherlands
and abroad. In 1986, post office banking services were privatised as Postbank N.V. and three years later it would merge with NMB bank to form NMB Postbank Groep. Merger of banking and insurance[edit] In 1991, the banking business of NMB Postbank Groep and the insurance business of Nationale-Nederlanden
Nationale-Nederlanden
were merged to create ING Group, after changes in regulation that allowed banks and insurance businesses to work together. Further acquisitions[edit] Since the ING Group
ING Group
was founded, it has made several acquisitions:

Organization Year Core business

Parcom 1994 Asset
Asset
Management

Wellington 1995 Insurance

Barings 1995 Banking

Equitable of Iowa 1997 Insurance

Furman Selz 1997 Banking

Bank
Bank
Mendes Gans 1997 Banking

Guardian 1998 Insurance

Clarion 1998 Asset
Asset
Management

Bank
Bank
Brussels Lambert 1998 Banking

Canadian Group Underwriters 1999 Insurance

Aetna 2000 Insurance

ReliaStar 2000 Insurance

Seguros Comercial América 2001 Insurance

Bank
Bank
Śląski 2001 Banking

DiBa 2002 Banking

Allianc of Canada 2004 Insurance

Rodamco Asia 2004 Asset
Asset
Management

Overseas expansion[edit] ING Group
ING Group
expanded its international business through a number of acquisitions through the 1990s including Belgian bank Banque Bruxelles Lambert (BBL) in 1998, US-based insurance company Equitable of Iowa and the commercial bank Furman Selz. It also acquired Frankfurt based BHF-Bank in 1999, although disposed of this later. It increased its Latin American
Latin American
and Asia Pacific's insurance businesses with the acquisition of ReliaStar
ReliaStar
and Aetna's Financial Services unit. It also acquired the Polish Bank Śląski
Bank Śląski
and Mexican insurance company Seguros Comercial América. However, it was the 1995 purchase of Barings Bank
Barings Bank
after its dramatic failure that saw ING Group's investment banking business boosted significantly. Expanding its retail banking business overseas, rather than create a branch network, it used the direct banking business model it had developed with NMB Postbank to launch an overseas direct banking businesses called ING Direct. The first of these was set up in Canada in 1997, and was soon followed in a number of other countries including the US, UK, Germany, France and Australia. The no frills, high rate savings accounts that could only be accessed online were a successful venture and spawned a number of similar services from rival banks. Capital injection and divestiture[edit] In 2008, as part of the late-2000s financial crisis ING Group, together with many other major banks in the Netherlands, took a capital injection from the Dutch Government. This support increased ING's capital ratio above 8%, however as a condition of Dutch state aid, the EU demanded a number of changes to the company structure. This resulted in the sale of a number of businesses around the world, which included insurance businesses in Latin America, Asia, Canada, Australia
Australia
and New Zealand and the ING Direct unit in the US, Canada and the UK.[8] This included the sale of the ING Direct US operations to Capital One
Capital One
and the ING Direct UK operations to Barclays bank
Barclays bank
in 2012.[9][10] The spun-off insurance businesses in North America were renamed Voya Financial
Voya Financial
in 2014. Global operations[edit] In November 2003, ING Groep N.V. appointed Michel Tilmant, Vice- Chairman
Chairman
of the executive board, as its new chairman and successor to Ewald Kist.[11] ING has offices in:[12]

 Australia  China  Bahrain  Russia  Spain  Monaco  Canada  Turkey  Azerbaijan  Austria  Romania  UK  Hungary  Belgium  Luxembourg  Italy  Singapore  Malaysia  Japan  United States  Mexico  Brazil  Colombia  UAE  Philippines  Venezuela

Global headquarters[edit] Due to the separation of ING Group
ING Group
into ING Bank
Bank
and ING Insurance, the new head office of ING Bank
Bank
and ING Group
ING Group
is in the Amsterdamse Poort building as of September 2012.[13]

ING House
ING House
is the former ING Group
ING Group
headquarters (2002–2012) and NN Group head office (2012–2014)

ING House
ING House
was the head office of NN Group
NN Group
and located in the business district of Zuidas
Zuidas
in Amsterdam, Netherlands
Netherlands
from 2012 to 2014.[14] It was designed by Roberto Meyer and Jeroen van Schooten (Meyer en Van Schooten (nl)) and was officially opened on 16 September 2002 by then Prince Willem-Alexander of the Netherlands. The light-infused building features a 250-seat auditorium, foyer, restaurants, library and an extensive art collection. Recent notable transactions[edit] Latin American
Latin American
divestment[edit] In July 2011, ING divested all its Latin American
Latin American
insurance operations to the Colombian insurance company Grupo Sura
Grupo Sura
for US$3.85 billion, excluding ING's 36 percent holding in Brazilian insurer SulAmérica Seguros which will be sold at a later date. SulAmérica Seguros officially started operating the ING Investment Management, Wealth Management, Retire Funds and Pension businesses in Latin America (Chile, Colombia, Mexico, Peru and Uruguay) on February 13, 2012. ING Commercial Bank
Bank
will keep its operations in Mexico. The actions are in line with EU demands to split the Group's banking and insurance operations as a condition of Dutch state aid (see below).[15] Capital injection and repayment[edit] In October 2008, in a move to increase its core Tier 1 capital ratio above 8%, ING Group
ING Group
accepted a capital injection plan from the Dutch Government. The plan supplied €10 billion (US$13.5 billion) to the operation, in exchange for securities and veto rights on major operational changes and investments. The European Commission also required ING to divest itself of its insurance and investment management operations by the end of 2013 as a condition of approving the state aid. Wouter Bos, the Dutch Finance Minister at the time, said the Dutch government's investment was done as a means of fortifying the bank to weather the financial crisis. Management stated that the capital injection shall have no 'dilutive' impact to existing shareholders. As part of the agreement, two government advisers were appointed to the Supervisory Board of the Group. In December 2009, ING raised €7.3 billion through share issues, and repurchased securities representing half of the €10 billion in state aid. It repurchased another €2 billion in May 2011 (at a 50% premium), and looked to complete the repayments by May 2012. However, in January 2012 it cited eurozone conditions in putting the repayment timetable as 2012-2013 for the remaining €3 billion. The final tranche of EUR 1.025 billion was paid on 7 November 2014, half a year ahead of the repayment schedule as agreed with the European Commission in 2012.[16] 2012 Settlement with US Treasury Department[edit] On 12 June 2012, the US Department of the Treasury's Office of Foreign Assets Control announced a $619 million settlement[17] with ING Bank N.V. to settle potential liability for conspiring to violate[18] the International Emergency Economic Powers Act
International Emergency Economic Powers Act
(IEEPA) and the Trading with the Enemy Act (TWEA) and for violating New York state laws by illegally moving billions of dollars through the U.S. financial system on behalf of sanctioned Cuban and Iranian entities. ING Bank's settlement with OFAC is simultaneous with settlements with the US Attorney's Office for the District of Columbia, the Department of Justice's National Security Division, the Department of Justice's Asset
Asset
Forfeiture and Money Laundering Section and the New York County District Attorney's Office. Under the settlement agreement, ING Bank
Bank
is required to conduct a review of, and to submit a report to OFAC regarding, its policies and procedures and their implementation, taking an appropriate risk-focused sampling of US dollar payments to ensure that its OFAC compliance program is functioning effectively to detect, correct, and report any OFAC-sanctioned transactions that might occur. Activities[edit] Beginning in the 1990s, at the instruction of senior bank management, ING Bank
Bank
employees in Curaçao began processing payments for ING Bank's Cuban banking operations through its branch in Curaçao on behalf of Cuban customers without reference to the payments' origin. The practice of removing and omitting such information was used by other branches of ING Bank's Wholesale Banking Division, including in France, Belgium, and the Netherlands, in processing US dollar payments and trade finance transactions through the United States. In addition, ING Bank's senior management in France authorised, advised in the creation of, and ultimately provided fraudulent endorsement stamps for use by Cuban financial institutions in processing travelers check transactions, which disguised the involvement of Cuban banks in these transactions when they were processed through the United States. ING Bank's Trade and Commodity Finance business at its Wholesale Banking branch in the Netherlands
Netherlands
routed payments made on behalf of US-sanctioned Cuban clients through other corporate clients to obscure the sanctioned clients' identities and its Romanian branch omitted details from a letter of credit involving a US financial institution to finance the exportation of US-origin goods to Iran.[citation needed] Other notable activities:

In 2004, ING Groep sold CenE Bankiers, which had previously been part of NMB, to F. Van Lanschot
Van Lanschot
Bankiers.[19] On 25 March 2005, the company announced the acquisition of a 19.9% stake in the Bank of Beijing
Bank of Beijing
and the deal was worth about 1.7 billion yuan, or $200 million.[20] In January 2013, ING announced it had sold its 26% stake in India's Vysya Life Insurance
Insurance
to joint partner Exide Industries.[21] In January 2016, ING Groep NV’s banking unit invested in a leading Chinese fintech player, WeLab.[22] This contributed to the second largest Series B fundraising in fintech globally.[23]

ING US IPO and re-brand[edit] In 2013, ING U.S.
ING U.S.
was spun off in an initial public offering ahead of its planned rebranding as Voya Financial. As of 2014, ING Group
ING Group
is no longer the controlling shareholder of its former subsidiary, owning 47% of its shares.[24] Divisions[edit] Retail banking[edit] Separate to ING Direct businesses, ING offers retail banking services in Germany, the Netherlands, Belgium, Luxembourg, Poland, Romania, Czech Republic, Turkey, Thailand, China
China
and Australia. Non-retail private banking services are offered in the Netherlands, Belgium, Luxembourg, Switzerland and various countries in Asia and Central Europe. In the Netherlands, ING is the largest retail bank by market share, holding 40% of current account deposits,[25] and by total assets.[26] ING is followed by Rabobank
Rabobank
(30%), ABN AMRO
ABN AMRO
(20%), and others (10%). Shareholdings in other banks[edit] ING has a 17% stake in the Bank
Bank
of Beijing, the largest urban commercial bank in China.[27] In Thailand, ING has a 30% stake in TMB Bank, a universal banking platform with a nationwide network.[28] In 2013 ING announced intent to sell its stake in TMB bank.[29] Direct Banking[edit] ING offers branchless banking with operations in Australia, France, Italy, Spain, Germany and Austria. It offers services over the counter, web, phone, ATM or by mail. The service concentrates on simple interest-bearing savings accounts for retail customers. ING Direct Italy
Italy
is currently opening its own "bank shops" in the major towns, where customers can operate services on usual web channels, assisted or not by branch operators, and use advanced teller machines for cash and check transactions. ING Australia[edit] Main article: ING Australia ING Australia
Australia
was established in 1999 and is headquartered in Sydney, offering banking online and via telephone. Its products in Australia include transaction accounts, savings accounts, credit card, business accounts, term deposits, home loans and superannuation. Company operations are regulated by the Australian Prudential Regulation Authority and the Australian Securities and Investments Commission, Federal Government regulators. ING is a division of ING Bank
Bank
(Australia) Limited. ING-DiBa[edit] ING bought 49% of Allgemeine Deutsche Direktbank
Direktbank
AG in 1998, which as of 1989 traded as DiBa. It acquired a further 21% of the company in 2002 and the remainder by 2003. By 2007 the company was trading under its current name, ING-DiBa. In 2015 the company had around 8.5 million customers and around 4000 employees. ING Direct France[edit] Founded in 2000, ING Direct France has around a million customers. It started offering current accounts in 2009 and home loans in 2015. Wholesale Banking[edit]

ING Wholesale Banking, London
London
office

ING Wholesale Banking provides banking and financial services to corporations and other institutions. Boasting a huge network, the primary geographic focus of the wholesale banking business is the Netherlands, Belgium, Poland and Romania, where it offers a full range of products, from cash management to corporate finance. Elsewhere, it takes a more selective approach to clients and products. ING Wholesale Banking was strengthened in 1995, when ING took over Barings Bank. This acquisition increased the brand recognition of ING around the world and strengthened its Wholesale Banking presence in the emerging markets. Following the acquisition and up until 2004, ING's investment banking division was called ING Barings, at which point it severed its ties with the Barings name and combined with ING's other wholesale banking operations. However, the top floor of ING's London
London
office is still home to the famous Baring art collection,[30] and the Baring Foundation,[31] a charitable foundation. Wholesale Banking is divided into a number of sub-divisions, including Structured Finance, Financial Markets, Transaction Services and Corporate Finance. ING Wholesale Banking is the new name for ING Commercial Banking as of January 20, 2016. The new name better reflects the large corporate and institutional, international offering that makes up the vast majority of ING WB's business. Corporate finance[edit] ING's Corporate Finance department advises businesses on important corporate transactions, including mergers and acquisitions, initial public offerings, secondary offerings, share buy-backs and management buy-outs. The division is headed jointly by Maurits Duynstee (Head of Corporate Finance, Continental Western Europe) and Pierre Chabrelie (Head of Corporate Finance, UK and CEE). ING Corporate Finance has a strong presence in Russia
Russia
and Central and Eastern Europe.[citation needed] Insurance[edit] ING's insurance business operates throughout America, Asia and Europe. In 2009, ING announced plans to separate its insurance business from its main banking operations through two IPO's, one for Europe
Europe
and Asia and another one for the US. The EuroAsia IPO has been delayed while the US IPO is supposed to be completed by the end of 2012. Analysts estimate that the insurance arm is worth up to €16 billion.[32] As of February 2009, ING Canada
Canada
(the insurance arm) is no longer a subsidiary of ING Group. ING Group's 70% equity interest was spun off for US$2.2 billion. The company (which has an 11% share of Canada's property and casualty insurance market) was then renamed Intact Financial
Intact Financial
Corporation in May 2009. ING Group
ING Group
continued to operate ING Bank
Bank
of Canada, also known as ING Direct Canada.[33] ING sold its Malaysian insurance business to American International Assurance in October 2012 for a total of €1.3 billion.[34] ING Australia[edit] Main article: ING Australia ING Insurance
Insurance
Australia
Australia
was purchased by ANZ in 2009, and rebranded as "OnePath" in 2010.[35] ING Australia
Australia
remains a subsidiary of ING group. ING Investment Management[edit] ING Investment Management is the principal asset manager of the Group and a leading global asset manager. Against the background of the Group realizing its global ambitions, ING Investment Management has also expanded across borders. Today, it is active in 33 countries, including some of the world's fastest-growing economies, such as China, India, Brazil
Brazil
and many Eastern European nations. ING Investment Management operates along regional lines with centers of expertise in Europe, the Americas and Asia-Pacific. ING Investment Management provides a comprehensive range of investment solutions and services to clients and partners. It manages assets for institutional clients, fund distributors and ING labels, with approximately €326 billion in AUM. Over 3,200 professionals manage client funds globally.[36] In June 2014, ING announced the IPO of its investment management arm as part of a wider corporate restructuring.[37] The business are to be consolidated in NN Group
NN Group
and subsequently floated. The IPO was priced on 1 July 2015.[38] ING Investment Management was subsequently rebranded as NN Investment Partners.[39] Former Divisions[edit] ING Direct Canada[edit] See also: Tangerine Bank ING's history in Canada
Canada
dates back to 1997 when it founded ING Direct Canada, the first ING Direct operation in the world.[40] As of July 2011, ING Direct Canada
Canada
had over 1.7 million clients, employed over 900 people and had over US$37.6 billion in assets. ING Direct Canada operated five 'Save Your Money Cafés' (branches) in the major cities of Toronto, Montréal, Calgary and Vancouver. Its products included savings accounts, tax-free savings accounts (TFSAs), mortgages, retirement savings plans (RSPs), guaranteed investments (GICs), mutual funds, business accounts and a no-fee daily checking accounts. They were known for using a referral program as part of their advertising, allowing members to refer friends whereby both the referrer and referee receive a cash bonus.[41] On 29 August 2012, Scotiabank
Scotiabank
announced the acquisition of ING Direct Canada
Canada
for $3.13 billion.[42] The sale was completed on November 15, 2012.[43] In November 2013, Scotiabank
Scotiabank
announced the rebranding of ING Direct Canada
Canada
as Tangerine with the rebranding taking effect on April 8, 2014.[44] ING Direct United Kingdom[edit] ING Direct began operations in the UK in May 2003 and had over one million customers by 2009. Operations were based in Reading, where the company head office was situated as well as an office based in Cardiff. The bank marketed itself as offering good customer service and high interest rates, which were usually higher than its high street competitors, but not always top of comparison tables.[45] The bank has picked up awards for its customer services and mortgage product in 2008 and 2009.[46] On 8 October 2008, ING purchased the savings accounts of collapsed Icelandic bank, Kaupthing Singer & Friedlander, the UK Treasury used the Banking (Special Provisions) Act 2008
Banking (Special Provisions) Act 2008
to transfer the Kaupthing Edge
Kaupthing Edge
deposit business to ING Direct.[47] Through this, ING Direct took over responsibility for £2.5 billion of deposits of 160,000 UK customers with the Icelandic bank Kaupthing Edge. Some customers were dissatisfied[48] after ING lowered the exceptional high rate the collapsed Kaupthing was previously paying. ING Direct products in the UK included Savings Accounts, Cash ISAs, Mortgages
Mortgages
and Home insurance. ING announced a plan to exit the UK in August 2012, as it sought to raise funds to repay the Dutch government. On 9 October 2012 Barclays announced that it had agreed to buy ING Direct UK, taking on its £10.9bn deposits and £5.6bn mortgage book. ING said it would incur a €320m (£260m; $415m) after-tax loss on the sale, which would involve the transfer of 750 ING Direct staff and 1.5 million customers.[10] ING Direct United States[edit] See also: Capital One
Capital One
360

Former ING Insurance
Insurance
at night in Minneapolis, Minnesota
Minneapolis, Minnesota
in the United States

ING launched a United States
United States
version of ING Direct savings bank in 2000, with headquarters in Wilmington, Delaware. ING Direct was a member of the Federal Deposit Insurance
Insurance
Corporation (FDIC). In September 2007, ING Direct acquired 104,000 customers and FDIC insured assets from the failed virtual bank NetBank.[49] Two months later, ING Direct acquired online stock broker Sharebuilder.[50] In June 2011, Capital One
Capital One
purchased ING Direct USA from ING for US$9 billion (€6.3 billion). The sale was completed on 16 June 2011.[51] Between November 2012 and February 2013 ING Direct's U.S. operations were rebranded Capital One
Capital One
360.[52] Sponsorships[edit]

ING New York City Marathon

ING sponsors sporting events and artistic exhibitions throughout the world. Sporting[edit] For several years, ING was the title sponsor of marathons including the New York City Marathon, the Miami Marathon, the Georgia Marathon, the Luxembourg
Luxembourg
Marathon, the Hartford Marathon, the Philadelphia Distance Run and San Francisco's Bay to Breakers. ING is a major global sponsor of football (soccer), sponsoring the Royal Dutch Football Association, Royal Belgian Football Association and the Asian Football Confederation
Asian Football Confederation
(AFC).[53] ING was the title sponsor of the Renault Formula One team from the 2007 season to the 2009 season. It was the title sponsor of the Australian Grand Prix
Australian Grand Prix
and Belgian Grand Prix, the Hungarian Grand Prix, and the Turkish Grand Prix. ING ended its sponsorship of Renault in part due to a reduction in advertising spending and in part due to controversy surrounding the Renault Formula One team.[54] Arts[edit] ING's sponsorships in the arts include the Dutch National Museum in Amsterdam
Amsterdam
(the Rijksmuseum), the New York Museum of Modern Art, and the Royal Concertgebouw Orchestra. ING owns and houses proprietary art collections in Belgium, Mexico, the Netherlands, Poland and the United Kingdom.[55] ING sponsored the Amsterdam
Amsterdam
Gay Pride of 2008.[56] Education[edit] ING is a strategic industry partner with Duisenberg school of finance.[57] ING provides a series of internships and assists with student loans to the accepted students. Also, in-house events are organised for Duisenberg school of finance
Duisenberg school of finance
students to give better insight on the financial industry. See also[edit]

Amsterdam
Amsterdam
portal Companies portal

European Financial Services Roundtable Inter-Alpha Group of Banks

References[edit]

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Euro
Lenen. Retrieved 15 May 2017.  ^ "Global 500 Companies 1-100 - Fortune". July 23, 2012. Archived from the original on August 7, 2013. Retrieved September 5, 2013.  ^ Frankfurt Stock Exchange Archived 2015-11-19 at the Wayback Machine. ^ "The history of ING". ING Group. March 29, 2011. Archived from the original on January 1, 2012.  ^ " Barclays
Barclays
to acquire ING Direct UK". BBC News. October 9, 2012. Retrieved 9 October 2012.  ^ "ING Direct Has Merged with Capital One-May Affect Your FDIC Insurance". NerdWallet.com. Archived from the original on 17 November 2012. Retrieved 26 September 2012.  ^ a b " Barclays
Barclays
to acquire ING Direct UK". BBC News. October 9, 2012. Retrieved October 9, 2012.  ^ "ING names new chairman".  ^ "Products & Services ING". ING.com. Archived from the original on 19 February 2014. Retrieved 1 March 2014.  ^ "ING Head office". ING.com. Archived from the original on 2014-03-18. Retrieved 2012-09-01.  ^ ING verlaat 'de schoen' (in Dutch), NOS, 2014. Retrieved 22 November 2015. ^ "ING sells Latin American
Latin American
insurance operations". Toronto: The Globe and Mail. July 25, 2011.  ^ https://www.ing.com/Newsroom/All-news/Features/Feature/State-aid-for-ING-the-facts-and-figures.htm ^ "U.S. Treasury Department Announces $619 Million Settlement with ING Bank, N.V." U.S. Department of the Treasury. Retrieved 2012-06-13.  ^ "ING Bank
Bank
N.V. Agrees to Forfeit $619 Million for Illegal Transactions with Cuban and Iranian Entities". U.S. Department of Justice. Retrieved September 14, 2012.  ^ "F. Van Lanschot
Van Lanschot
Bankiers and ING GROEP Ratings Affirmed on CenE Bankiers Sale Agreement Jul 04". July 2004. Retrieved July 1, 2013.  ^ "ING TO ACQUIRE 20% OF BANK OF BEIJING".  ^ Reuters (23 January 2013). "ING sells stake in India's Vysya Life Insurance". Reuters.  ^ "ING, Khazanah Invest in Firm Backed by Billionaire Li". Bloomberg News. 20 January 2016.  ^ https://assets.kpmg.com/content/dam/kpmg/pdf/2016/05/the-pulse-of-fintech.pdf ^ "Archived copy". Archived from the original on 2014-03-25. Retrieved 2014-03-25.  ^ "OECD.org" (PDF). Retrieved 2013-10-14.  ^ "Major Banks in the Netherlands".  ^ ING.com (2011-09-09). " Bank of Beijing
Bank of Beijing
and ING sign MoUs". ING.com. Retrieved 2017-04-07.  ^ "ING to buy 30% stake in Thai bank TMB". Retrieved 2018-03-09.  ^ "ING puts $775 million Thailand bank stake on block: sources". Reuters. 2012-03-23. Retrieved 2018-03-09.  ^ "Baringarchive.org.uk". Baringarchive.org.uk. Retrieved 2013-10-14.  ^ "Baringfoundation.org.uk". Baringfoundation.org.uk. Retrieved 2013-10-14.  ^ Steen, Michael (2009-11-11). "Cachef.ft.com". Cachef.ft.com. Archived from the original on 2016-03-03. Retrieved 2013-10-14.  ^ "ING Canada
Canada
to rebrand its ING Insurance
Insurance
subsidiary". 2009-02-23.  ^ Cathy Chan and Maud van Gaal (11 October 2012). "ING Agrees to Sell Malaysia
Malaysia
Unit to AIA Group". Bloomberg.  ^ "Our brand history". OnePath.  ^ "ING IM Keyfacts". Ingim.com. 2013-06-30. Retrieved 2013-10-14. [permanent dead link] ^ ING.com (2014-06-05). "ING announces intention to launch Initial Public Offering of NN Group
NN Group
and listing on Euronext
Euronext
Amsterdam". ING.com. Retrieved 2017-07-05.  ^ ING.com (2014-07-01). "ING prices NN Group
NN Group
shares at EUR 20.00 in IPO". ING.com. Retrieved 2017-07-05.  ^ "ING Investment Management rebrands as NN Investment Partners". Citywire Global. Retrieved 2017-07-05.  ^ "About Us". Tangerine. Retrieved 17 April 2014.  ^ "House of Orange Keys: A list of working Orange Keys for ING House of Orange Keys". House of Orange Keys. Retrieved July 18, 2012.  ^ " Scotiabank
Scotiabank
to buy ING Bank
Bank
of Canada
Canada
for $3.13 billion in cash". The Canadian Press. August 29, 2012. Retrieved August 29, 2012.  ^ "ING completes sale of ING Direct Canada". Reuters. November 15, 2012. Archived from the original on September 24, 2015.  ^ "ING Direct renames itself Tangerine". Toronto Star. November 5, 2013. Retrieved 13 November 2013.  ^ "Savers pull £5.4bn from ING Direct".  ^ "Top 50 Companies For Customer Service".  ^ "Kaupthing Singer & Friedlander". HM Treasury. 8 October 2012. Archived from the original on 11 December 2008.  ^ "INGsavers.co.uk". INGsavers.co.uk. Retrieved 2013-10-14.  ^ "INdirect.com". Archived from the original on 2008-12-17.  ^ "ING DIRECT Acquires ShareBuilder" (Press release). ING DIRECT USA. November 19, 2007. Archived from the original on July 13, 2011. Retrieved December 8, 2010.  ^ "ING completes sale of ING Direct USA". Reuters. February 17, 2012. Archived from the original on September 24, 2015.  ^ Campbell, Dakin (November 7, 2012). " Capital One
Capital One
Rebrands ING Direct as Orange Ball Gets '360' Motif". Bloomberg. Retrieved November 7, 2012.  ^ http://www.ingafc.com Archived 2007-08-20 at Archive.is ^ "ING press release, end of F1 sponsorship". Ing.com. Retrieved 2013-10-14.  ^ "INGartcollection.com". INGartcollection.com. Retrieved 2013-10-14.  ^ "ING en TNT sponsoren Gay Pride". Weareproud.nl. Retrieved 2013-05-17.  ^ "DSF Industry Partners". Archived from the original on 2014-06-13. 

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Area

Last updated October 2015

Air Liquide Airbus Allianz Anheuser-Busch InBev ASML Holding Assicurazioni Generali AXA Banco Bilbao Vizcaya Argentaria Banco Santander BASF Bayer BMW BNP Paribas Carrefour Saint-Gobain Daimler AG Deutsche Bank Deutsche Post Deutsche Telekom Enel Engie
Engie
SA Eni E.ON Essilor
Essilor
International Fresenius SE Groupe Danone Iberdrola Inditex ING Group
ING Group
NV Intesa Sanpaolo L'Oréal LVMH Moët Hennessy Louis Vuitton Münchener Rückversicherungs-Gesellschaft Nokia Orange S.A. Philips
Philips
Electronics SAFRAN Sanofi SAP SE Schneider Electric Siemens Société Générale
Société Générale
SA Telefónica Total S.A. Unibail-Rodamco UniCredit Unilever Vinci SA Vivendi Volkswagen Group

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AEX companies of the Netherlands

Aalberts ABN AMRO Aegon Ahold Delhaize Akzo Nobel Altice ArcelorMittal ASML Boskalis DSM Galapagos Gemalto Heineken ING KPN NN Group Philips Randstad RELX Royal Dutch Shell SBM Offshore Unibail-Rodamco Unilever Vopak Wolters Kluwer

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Financial services
Financial services
companies of the Netherlands

Bancassurance:

ING Group Rabobank SNS Reaal

Banks:

ABN Amro Alex ASN Bank Amsterdam
Amsterdam
Trade Bank Bank
Bank
Nederlandse Gemeenten Binck De Lage Landen Direktbank ELQ Hypotheken Friesland Bank Nederlandse Waterschapsbank NIBC Bank Postbank SNS Bank Sparck Triodos Bank Van Lanschot
Van Lanschot
Bankiers

Private banks & asset management

Insinger de Beaufort Kempen & Co MeesPierson Oyens & van Eeghen Robeco Schretlen & Co Staalbankiers Theodoor Gilissen Bankiers

Insurance:

Aegon Achmea Ageas Allianz Atradius ASR Nederland AXA
AXA
Nederland Cardif Centraal Beheer Conservatrix Delta Lloyd Eureko De Goudse Verzekeringen FBTO Interpolis Klaverblad Verzekeringen Monuta NN Group Ohra TVM Univé Uvit VVAA Zwitserleven

Health insurance:

Azivo AZVZ CZ Groep De Friesland Menzis ONVZ Zorgverzekeringen PNO Ziektenkosten Salland Verzekeringen DSW Zorgverzekeringen Zorg en Zekerheid

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List of banks in Europe

Sovereign states

Albania Andorra Armenia Austria Azerbaijan Belarus Belgium Bosnia and Herzegovina Bulgaria Croatia Cyprus Czech Republic Denmark Estonia Finland France Georgia Germany Greece Hungary Iceland Ireland

Italy Kazakhstan Latvia Liechtenstein Lithuania Luxembourg Macedonia Malta Moldova Monaco Montenegro Netherlands Norway Poland Portugal Romania Russia San Marino Serbia Slovakia Slovenia Spain Sweden Switzerland Turkey Ukraine United Kingdom

States with limited recognition

Abkhazia Artsakh Kosovo Northern Cyprus South Ossetia Transnistria

Dependencies and other entities

Åland Faroe Islands Gibraltar Guernsey Isle of Man Jersey Svalbard

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Investment banks

Bank

Divisions of universal banks

Bulge bracket

Bank
Bank
of America Merrill Lynch Barclays Citi Institutional Clients Group Credit Suisse Deutsche Bank
Deutsche Bank
Corporate and Investment Bank J.P. Morgan & Co. (J.P. Morgan Cazenove) UBS
UBS
Investment Bank

Other

Berenberg Bank BMO Capital Markets BOC International BNP Paribas
BNP Paribas
Corporate & Institutional Banking Brown Shipley CIBC World Markets CITIC Securities (CLSA) Commerzbank
Commerzbank
Corporate Clients Crédit Agricole
Crédit Agricole
Corporate and Investment Bank Daiwa Securities Capital Markets Ever Bank
Bank
World Markets Harris Williams & Co. HSBC Global Banking and Markets ING Commercial Banking Is Investment KBC Bank Korea Development Bank
Bank
(Daewoo Securities) Lloyds Bank
Bank
Corporate Markets Mitsubishi UFJ Securities Mizuho Corporate Bank Natixis Nomura Securities RBC Capital Markets RBS Markets & International Banking Sberbank
Sberbank
CIB Société Générale
Société Générale
Corporate & Investment Bank Standard Chartered TD Securities UniCredit
UniCredit
Corporate & Investment Banking VTB
VTB
Capital Wells Fargo
Wells Fargo
Securities

Independents

Bulge bracket

Goldman Sachs Morgan Stanley

Other

Allen & Company Blackstone Group Brewin Dolphin BTG Pactual Centerview Partners China
China
International Capital Corporation Close Brothers Group China
China
Everbright Group

China
China
Everbright Limited Everbright Securities

Evercore Partners FBR Capital Markets Focus Investment Banking Galaxy Greenhill & Co. Guosen Securities Haitong Securities Houlihan Lokey Investec Jefferies Keefe, Bruyette & Woods Lazard Lincoln International Macquarie Group Mediobanca Moelis & Company N M Rothschild & Sons Oppenheimer & Co. Perella Weinberg Partners Piper Jaffray Raymond James Financial Renaissance Capital ROTH Capital Partners Salam Investment Ltd. Sandler O'Neill and Partners Stifel Nicolaus Stone Key Partners William Blair & Company

Category List

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Major insurance and reinsurance companies

Insurance

Composite

Aegon Ageas AIG Allianz Allstate Aon Aviva AXA China
China
Pacific Insurance China
China
Taiping Generali ING Japan
Japan
Post Insurance National Mutual Insurance
Insurance
Federation of Agricultural Cooperatives Ping An Insurance Prudential plc PZU State Farm Insurance The Hartford Unipol

UnipolSai

USAA Vienna Insurance
Insurance
Group Zurich Insurance
Insurance
Group Farmers Insurance
Insurance
Group

General insurance

Berkshire Hathaway BNP Paribas Bradesco Seguros Direct Line Group Hyundai Marine & Fire Insurance If P&C Insurance Insurance
Insurance
Australia
Australia
Group Liberty Mutual Mapfre MS&AD Insurance
Insurance
Group PICC QBE Insurance RSA Insurance
Insurance
Group Samsung Fire & Marine Insurance Sompo Japan Tokio Marine Travelers XL Group

Life insurance

AIA Aviva Bupa China
China
Life CNP Assurances Dai-ichi Life Great Eastern Jackson Legal & General LIC India Lincoln Manulife Financial Meiji Yasuda Life MetLife New China
China
Life Insurance New York Life Nippon Life Northwestern Mutual Old Mutual Phoenix Group Prudential Financial Samsung Life Scottish Widows Standard Life Sumitomo Life Sun Life Swiss Life Taikang Life

Reinsurance

China
China
Re Gen Re Hannover Re Korean Reinsurance Company Lloyd's of London Munich Re Reinsurance Group of America Scor Swiss Re XL Group

Methodology: Applicable FY2013/14 revenues of over US$3 billion

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Members of Euro
Euro
Banking Association

Austria

Allgemeine Sparkasse Oberosterreich Bank
Bank
für Tirol und Vorarlberg AG BKS Bank
Bank
AG Erste Group
Erste Group
Bank
Bank
AG Oberbank AG Oesterreichische Nationalbank Raiffeisen Bank
Bank
International AG Raiffeisenlandesbank Oberösterreich AG Raiffeisen-Landesbank Tirol AG Steiermärkische Bank
Bank
und Sparkassen AG

Belgium

Dexia
Dexia
Bank
Bank
NV KBC Bank
Bank
NV Bank
Bank
van De Post

Cyprus

Bank
Bank
of Cyprus Hellenic Bank

Denmark

Amagerbanken A/S Arbejdernes Landsbank
Arbejdernes Landsbank
A/S Danske Andelskassers Bank
Bank
A/S Danske Bank
Bank
A/S DiBa Bank
Bank
A/S Djurslands Bank
Bank
A/S Jyske Bank
Bank
A/S Nordjyske Bank
Bank
A/S Nørresundby Bank Østjydsk Bank
Bank
A/S Ringkøbing Landbobank Roskilde Bank
Bank
A/S Skjern Bank Spar Nord Bank Sparekassen Sjælland Sydbank
Sydbank
A/S Vestfyns Bank
Bank
A/S Vestjysk Bank

Finland

Aktia Bank
Bank
PLC Bank
Bank
of Åland PLC Pohjola Bank
Bank
PLC S- Bank
Bank
LTD. Tapiola Bank
Bank
LTD

France

Banque Michel Inchauspé - BAMI Banque Palatine BNP Paribas
BNP Paribas
SA BPCE BRED Banque Populaire Crédit Agricole
Crédit Agricole
SA Crédit Coopératif Crédit du Nord Crédit Mutuel Arkéa Credit Mutuel CIC Banque HSBC France La Banque postale Natixis Société Générale

Germany

Berenberg Bank BHF Bank Bremer Landesbank Commerzbank
Commerzbank
AG Deutsche Bank
Deutsche Bank
AG Deutsche Bundesbank Deutsche Postbank DZ Bank
Bank
AG Europe
Europe
Arab Bank
Bank
Frankfurt Hamburger Sparkasse AG J.P. Morgan Chase Bank
Bank
AG Landesbank Baden-Württemberg Landesbank Berlin Holding Landesbank Hessen-Thüringen Oldenburgische Landesbank SECB Swiss EURO CLEARING Bank
Bank
GmbH The Bank
Bank
of New York Mellon, Frankfurt Branch VTB
VTB
Bank
Bank
(Deutschland) AG

Greece

Alpha Bank
Bank
SA Eurobank Ergasias
Eurobank Ergasias
SA National Bank
Bank
of Greece SA Piraeus Bank
Bank
SA

Hungary

Budapest Bank CIB Bank Erste Bank FHB Mortgage Bank Hanwha
Hanwha
Bank Hungarian Development Bank Hungarian National Bank K&H Bank MagNet Bank MKB Bank OTP Bank Raiffeisen Bank Sberbank
Sberbank
Europe
Europe
Group TakarékBank UniCredit

Ireland

Allied Irish Banks Bank
Bank
of Ireland

Italy

Banca del Fucino Banca Monte dei Paschi di Siena Banca Nazionale del Lavoro Banca Popolare del Lazio Banca Popolare di Sondrio Banca Sella Banco BPM BPER Banca Cassa di Risparmio di Cesena Cassa di Risparmio di Fermo Cassa di Risparmio di Ravenna

Banca di Imola

Credito Emiliano Credito Valtellinese ICCREA Banca Intesa Sanpaolo Nexi Raiffeisen Landesbank Südtirol UBI Banca UniCredit

Luxembourg

Banque et Caisse d'Épargne de l'État Banque Raiffeisen Banque Internationale à Luxembourg
Luxembourg
SA KBL European Private Bankers Société Générale
Société Générale
Bank
Bank
& Trust

Netherlands

ABN Amro Bank
Bank
NV De Nederlandsche Bank ING Bank
Bank
NV Rabobank
Rabobank
Nederland

Poland

Bank
Bank
BPH SA Narodowy Bank
Bank
Polski

Portugal

Banco BPI SA Banco Comercial Português Crédito Agrícola Caixa Geral de Depósitos Novo Banco

Slovenia

Banka Slovenije

Spain

Banco Bilbao Vizcaya Argentaria, S.A. Banco Popular Español, S.A. Banco Sabadell, S.A. Bankinter, S.A. Banco Santander, S.A. CaixaBank, S.A. (La Caixa) Catalunya Banc, S.A. (CatalunyaCaixa) Kutxabank, S.A. ABANCA Corporación Bancaria, S.A. (Abanca) Caja Laboral
Caja Laboral
Popular, Cooperativa de Crédito (Caja Laboral) Banco Cooperativo Español, S.A. (Caja Rural) CECABANK, S.A.

Sweden

Skandinaviska Enskilda Banken Svenska Handelsbanken Swedbank
Swedbank
AB Nordea
Nordea
Bank
Bank
AB

United Kingdom

Bank
Bank
of Tokyo-Mitsubishi UFJ Ltd. Barclays
Barclays
Bank
Bank
PLC Citibank
Citibank
NA DNB Bank
Bank
(NOR) HSBC Bank
Bank
PLC JPMorgan Chase
JPMorgan Chase
Bank, N.A., London
London
Branch Kookmin Bank
Bank
International Ltd. Lloyds Bank
Bank
PLC Mashreq Bank
Bank
psc (UAE) Royal Bank
Bank
of Scotland PLC UBS
UBS
AG Wells Fargo
Wells Fargo
Bank
Bank
NA

Non-EU

Bank
Bank
of China
China
(CHN)

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Philadelphia-area corporations (including the Delaware Valley)

List of companies based in the Philadelphia
Philadelphia
area

Philadelphia-based Fortune 500 corporations (rank in the 2017 list)

Comcast
Comcast
(31) Aramark
Aramark
(192) Crown Holdings
Crown Holdings
(333)

Delaware Valley-based Fortune 500 corporations (rank in the 2017 list)

AmerisourceBergen
AmerisourceBergen
(11) DuPont
DuPont
(113) Lincoln National (207) Universal Health Services (276) Campbell Soup (339) UGI (457) Burlington Stores Inc. (463)

Other notable Philadelphia-based businesses

Amoroso's Beneficial Bank Chemtura Day & Zimmermann FMC Corporation Independence Blue Cross Pennsylvania Real Estate Investment Trust Pep Boys Philadelphia
Philadelphia
Media Network Radian Group Urban Outfitters

Notable Philadelphia-based professional partnerships

Ballard Spahr Blank Rome Cozen O'Connor Dechert Drinker Biddle & Reath Duane Morris Morgan, Lewis & Bockius Pepper Hamilton Saul Ewing White and Williams

Other notable Delaware Valley-based businesses

Actua Corporation Airgas AlliedBarton Ametek Aqua America Asplundh Bentley Systems Brandywine Realty Trust Boscov's Carpenter Technology Cephalon Chemours Christiana Care Health System Crozer Keystone Health System David's Bridal DuckDuckGo EPAM Systems EnerSys Liberty Property Trust Penn Mutual Penn National Gaming Rita's Italian Ice SEI Investments SLM SunGard Susquehanna International Group Vanguard Toll Brothers Triumph Group Unisys ViroPharma Vishay Intertechnology VWR Wawa Wilmington Trust W. L. Gore and Associates WSFS Bank

Notable Delaware Valley-based US headquarters of foreign businesses

Aberdeen Asset
Asset
Management ACE AgustaWestland AstraZeneca Delaware Investments GlaxoSmithKline ING Group Keystone Foods SAP America Siemens
Siemens
Medical Shire Pharmaceuticals Subaru Teva Pharmaceuticals TD Bank

Notable Delaware Valley-based division headquarters of US corporations

Acme (Cerberus Capital Management) Centocor
Centocor
(Johnson & Johnson) Colonial Penn (Conseco) Delmarva Power (Exelon) GSI Commerce (eBay) Hercules (Ashland) MAB Paints
MAB Paints
(Sherwin-Williams) McNeil Laboratories (J&J) Neoware (Hewlett-Packard) PECO (Exelon) QVC
QVC
(Liberty Media) Rohm and Haas
Rohm and Haas
(Dow Chemical) Sunoco
Sunoco
(Energy Transfer) Tasty Baking (Flowers Foods)

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30 largest banks in Russia
Russia
in terms of net assets

In alphabetical order, as of September 2017

Ak Bars Alfa-Bank All-Russian Bank
Bank
for Regional Development Bank
Bank
of Moscow Bank
Bank
Saint Petersburg B&N Bank Citibank Credit Bank
Bank
of Moscow Gazprombank Home Credit & Finance Bank Moscow Industrial Bank Otkritie FC Bank Promsvyazbank Raiffeisenbank Rosbank Rosselkhozbank Rossiya Russian Standard Bank Sberbank SMP Bank Sovcombank Sviaz-Bank UniCredit
UniCredit
Bank Ural Bank
Bank
for Reconstruction and Development Uralsib Vostochny Bank V.Bank VTB VTB
VTB
24 Zenit

Source: Central Bank
Bank
of Russia

Authority control

WorldCat Identities VIAF: 172150645 ISNI: 0000 0004 0421 8

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