At a Glance
"Huge in Benelux"
"The work-life balance is good"
"Better known for insurance than banking"
"Compensation could be better"
"A long way behind competitors"
About ING Group
The Amsterdam-based ING Groep offers customers across five continents a wide range of banking, investment management, and insurance services. The modern and multinational ING is the product of a 1991 merger between Nationale-Nederlanden and NMB Postbank Group. The process that led to the founding of ING as one company began in 1990 when existing legal restrictions on mergers between insurers and banks were lifted in the Netherlands. That prompted insurance company Nationale-Nederlanden and banking company NMB Postbank Groep to merge in 1991, creating Internationale Nederlanden Groep. Less than 20 years later, ING had grown into the largest financial services firm in the world by annual revenue: in June 2008, ING came in at No. 7 on Fortune's 2008 Global 500 list, which ranks firms by annual revenue. More recently, the firm has contracted somewhat, and in 2013 it ranked No. 33 on Fortune's Global 500.
As for ING's roots, they stretch back to the mid-19th century to five entities the group identifies as its "founding fathers"—Dutch insurers De Nationale Levensverzekering Bank and De Nederlanden van 1845, and Dutch public banks De Rijkspostspaarbank, De Postcheque- and Girodienst, and Nederlandsche Middenstands Bank. De Nationale Levensverzekering-Bank was founded in 1863, and 100 years later, it came together with De Nederlanden to form the Nationale-Nederlanden. In 1986, NMB bank and Postbank—two existing Dutch banks—merged to form the NMB Postbank Group.
Amsterdam 1081 KL
Employer Type: Public
Stock Symbol: ING
Stock Exchange: NYSE
CEO & Chairman: Ralph A.J.G. Hamers
2014 Employees (All Locations): 75,606