ing-diba ag annual report

Operates exclusively through mobile app.

It increased its Latin American and Asia Pacific's insurance businesses with the acquisition of ReliaStar and Aetna's Financial Services unit. NMB's focus was retail banking in the Netherlands and abroad.

[67], In February 2012, Capital One acquired ING Direct USA from ING for US$6.3 billion in cash and 54 million shares of Capital One. Insight and analysis of top stories from our award winning magazine "Bloomberg Businessweek". ING Unsung Heroes is a grant program for kindergarten through 12th grade educators in the United States. [61] In November 2013, Scotiabank announced the rebranding of ING Direct Canada as Tangerine with the rebranding taking effect on 8 April 2014. Wholesale Banking is divided into a number of sub-divisions, including Structured Finance, Financial Markets, Transaction Services and Corporate Finance. Analysts estimate that the insurance arm is worth up to 16billion. 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 to transfer the Kaupthing Edge deposit business to ING Direct.

With more than 6,000 colleagues, we are located in Frankfurt am Main (headquarters), Berlin, Hanover, Nuremberg and Vienna.

[25], On 12 June 2012, the US Department of the Treasury's Office of Foreign Assets Control announced a US$619million settlement[26] with ING Bank N.V. to settle potential liability for conspiring to violate[27] the 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. This is the story of ING in two minutes. We put trust in our employees and encourage them to design their career in a way that works best for them. 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. Its products in Australia include transaction accounts, savings accounts, credit card, business accounts, term deposits, home loans and superannuation. Be surrounded by inspiring colleagues who insist on being more tomorrow than we are today: not just by embracing a digital future but by inventing it. [76], Dutch multinational banking and financial services corporation, "ING" redirects here. Our core business includes savings accounts, mortgages, investment products, consumer loans and current accounts for private customers. It 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. [38] ING is followed by Rabobank (30%), ABN AMRO (20%), and others (10%).

ING announced a plan to exit the UK in August 2012, as it sought to raise funds to repay the Dutch government. The main funding tool will remain the deposit business with private customers. [36] By 2018 ING had sold all of its shares.

*Sum of customer deposits, consumer and Wholesale Banking loans and brokerage volume. Elsewhere, it takes a more selective approach to clients and products. The company (which has an 11% share of Canada's property and casualty insurance market) was then renamed Intact Financial Corporation in May 2009. We believe people are most motivated when they are comfortable to be their whole self at work. 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. Starting the Pfandbrief issuance is the next milestone in the development of ING-DiBa AG and reflects its position as a large mortgage financer in Germany. When it comes to lending for small and medium-sized companies, we work with the online platform Lendico in the Business Banking segment. The orange lion on ING's logo alludes to the group's Dutch origins.[8]. [65] ING sold the Capital One shares later that year. [citation needed] The bank picked up awards for its customer services and mortgage product in 2008 and 2009.[63]. NMB stands for "Nederlandsche Middenstands Bank". [60] The sale was completed on 15 November 2012.

[14][15] The spun-off insurance businesses in North America were renamed Voya Financial in 2014. [21] It repurchased another 2billion in May 2011 (at a 50% premium), and looked to complete the repayments by May 2012. In 2020, ING had 53.2 million clients in more than 40 countries. The five-storey building has a glass facade and is named after the Cedar tree, symbolising sustainability and growth. It goes without saying you have a head for figures and an analytical mind. ING's history in Canada dates back to 1997 when it founded ING Direct Canada, the first ING Direct operation in the world. ING Group traces its roots to two major insurance companies in the Netherlands and the banking services of the Dutch government. Its framework, with its layered branches and open spaces in between, is characteristic of a Cedar.[17]. Also, in-house events are organised for Duisenberg school of finance students to give better insight on the financial industry. [56] ING Investment Management was subsequently rebranded as NN Investment Partners.[57]. ReliaStar Life Insurance Company was founded in 1885 in Minneapolis, Minnesota as, top ten largest European companies by revenue, list of global systemically important banks, International Emergency Economic Powers Act, Australian Prudential Regulation Authority, Australian Securities and Investments Commission, controversy surrounding the Renault Formula One team, ING Life Insurance: Careers History of ING, "500 euro lenen? Separately in 1927, the Dutch government initiated a re-organization of Dutch banks which resulted in the creation of the Nederlandsche Middenstands Bank (NMB). Debt Issuance Programme 12-05-2022 (PDF 1,6 MB), Final Terms A2YNWA 25-02-2022 (PDF 296 KB), Final Terms A1KRJV 07-10-2021 (PDF 303 KB), Final Terms A1KRJU 23-05-2019 (PDF 120 KB), Final Terms A1KRJT 23-05-2019 (PDF 120 KB), ISS-oekom Second Party Opinion 2021 - ING-DiBa AG, Post-issuance Green Bond Impact Report 2021, Post-issuance Green Bond Allocation Report 2021, Pre-issuance Green Bond Impact Report & Methodology 2021, Investor Presentation September 2021 (PDF 1,6 MB), Disclosure in accordance with Art.11(14)(d) EMIR in addition to Art.20 delegated regulation (EU) 149/2013 (PDF 33 KB), Annual Financial Statement of ING-DiBa 2021 (HGB), Archive Annual Financial Statements of ING-DiBa AG (HGB), Institutional Investors Funding / Investor Relations: Dieter Schreiner Telephone +49 (0)69 / 27 222 69159, Corporate Communications Media Relations: Alexander Baumgart Telephone +49 (0) 69 / 27 222 66145, Wholesale Banking Telephone +49 (0) 69 / 27 222 62591, Loans and advances to customer (in Mio. [28], Under the settlement agreement, ING Bank is required to conduct a review of, and to submit a report to the Treasury Department. The first of these was set up in Canada in 1997, and was soon followed in several other countries including the US, UK, Germany, Spain, Italy, France and Australia.

Bekijk alle mogelijkheden", "ING posts 4Q2020 net result of 727 million, FY2020 net result of 2,485 million", "ING Long-Term Debt | ING Groep NV -", "UPDATE 3-ING to overhaul Dutch insurance business", "ReliaStar Life Insurance Company - Profile and Review", "ING Direct Has Merged with Capital One-May Affect Your FDIC Insurance", "ING receives 10 billion from Dutch government", "ING to Split in Two Amid $11.3 Billion Rights Issue", "Dutch Bank ING to Repay Half of Its Bailout Debt", "State aid for ING: the facts and figures", "UPDATE 6-ING sells LatAm ops to Colombia's GrupoSura", "ING sells Latin American insurance operations", "ING cuts stake in Brazil's SulAmrica in effort to shed assets", "U.S. Treasury Department Announces $619 Million Settlement with ING Bank, N.V.", "ING Bank N.V. Agrees to Forfeit $619 Million for Illegal Transactions with Cuban and Iranian Entities", "ING Bank to Pay $619 Million to Settle Inquiry Into Sanctions Violations", "F. Van Lanschot Bankiers and ING GROEP Ratings Affirmed on CenE Bankiers Sale Agreement Jul 04", "ING to Acquire Stake in Bank of Beijing", "ING sells stake in India's Vysya Life Insurance", "ING, Khazanah Invest in Firm Backed by Billionaire Li", "Banks complete 25 million euros securities transaction on blockchain platform", "ING puts $775 million Thailand bank stake on block: sources", "ING, a Dutch bank, finds a winning digital strategy", "ING Direct change de nom et devient tout simplement ING", "ING Philippines | Bank with High Interest & No Fees", "ING Commercial Banking renamed ING Wholesale Banking", "ING Canada to rebrand its ING Insurance subsidiary", "ING Agrees to Sell Malaysia Unit to AIA Group", "ING announces intention to launch Initial Public Offering of NN Group and listing on Euronext Amsterdam", "ING prices NN Group shares at EUR 20.00 in IPO", "ING Investment Management rebrands as NN Investment Partners", "House of Orange Keys: A list of working Orange Keys for ING House of Orange Keys", "Scotiabank to buy ING Bank of Canada for $3.13 billion in cash", "ING completes sale of ING Direct Canada", "Capital One Completes Acquisition of ING Direct", "FDIC: Bank Closing Information for NetBank", "ING to sell Capital One stake for $3 billion", "Capital One Rebrands ING Direct as Orange Ball Gets '360' Motif", "ING press release, end of F1 sponsorship", "ING to Pay $900 Million to End Dutch Money Laundering Probe", "How ING bank in Poland helped Russians launder money", National Mutual Insurance Federation of Agricultural Cooperatives, List of companies based in the Philadelphia area, Pennsylvania Real Estate Investment Trust,, Systemically important financial institutions, Multinational companies headquartered in the Netherlands, Financial services companies established in 1991, Investment management companies of the Netherlands, Articles with unsourced statements from November 2013, Articles with unsourced statements from June 2019, Articles with unsourced statements from April 2018, Wikipedia articles in need of updating from June 2021, All Wikipedia articles in need of updating, Articles with unsourced statements from October 2020, Creative Commons Attribution-ShareAlike License 3.0, Financial services and International units. [62], ING Direct began operations in the UK in May 2003 and had over one million customers by 2009. For other uses, see, 2012 settlement with US Treasury Department. However, in January 2012 it cited eurozone conditions in putting the repayment timetable as 20122013 for the remaining 3billion. ING Wholesale Banking was strengthened in 1995, when ING took over Barings Bank. ING-DiBa AG provides banking services. In 2009, ING announced plans to separate its insurance business from its main banking operations through two IPO's, one for Europe and Asia and another one for the US. [citation needed]. [19] The plan supplied 10billion (US$13.5billion) to the operation, in exchange for securities and veto rights on major operational changes and investments. The IPO was priced on 1 July 2015. ING Group's 70% equity interest was spun off for US$2.2billion.

technologies medallion surged famed crushing ING bought 49% of Allgemeine Deutsche Direktbank AG in 1998, which as of 1989 traded as DiBa.

[68] Between November 2012 and February 2013 ING Direct's U.S. operations were rebranded Capital One 360.[69]. ING-DiBa AG was granted the license to issue Mortgage Pfandbriefe from the German authority BaFin Bundesanstalt fr Finanzdienstleistungsaufsicht in November 2010. It grew to be the leading Dutch insurance company with branches outside the Netherlands (139 the world over by 1900). Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world. Big deals and small teams, without the egos. [20], In December 2009, ING raised 7.3billion through share issues, and repurchased securities representing half of the 10billion in state aid. Following the separation of ING Group into ING Bank and ING Insurance, the head office of ING Bank and ING Group was the Amsterdamse Poort building. The table contains the key figures of ING Holding Deutschland GmbH.

[18] 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. In September 2018, ING agreed to pay 775million to end a money laundering probe. Branch in Warsaw. [72], ING has sponsored the Amsterdam Gay Pride since 2008.[73]. It also acquired the Polish Bank lski and Mexican insurance company Seguros Comercial Amrica.

[6] The long-term debt for the company as of December 2019 is 150 billion. Since then, the bank is operating under the name of ING Bank lski. It is among the top ten largest European companies by revenue.

[22], In July 2011, ING sold all its Latin American insurance operations to the Colombian insurance company Grupo Sura for US$3.85billion, excluding ING's 36 percent holding in Brazilian insurer SulAmrica Seguros, which was sold at a later date. This resulted in the sale of a number of businesses around the world, which included insurance businesses in Latin America, Asia, Canada, Australia and New Zealand and ING Direct units in the US, Canada and the UK. If this sounds like you and you have a strong bias for action youll thrive at ING. Four decades later they added the Postcheque and Girodienst services allowing working families to make payments via post offices.

In October 2008, in a move to increase its core Tier 1 capital ratio above 8%, ING Group accepted a capital injection plan from the Dutch Government. This acquisition increased the brand recognition of ING around the world and strengthened its Wholesale Banking presence in the emerging markets. It was one of the first banks that allowed check deposits via image capture using a mobile phone. Jump start your career by working alongside the best. [23] The actions were in line with EU demands to split the Group's banking and insurance operations as a condition of Dutch state aid. [40] In 2013 ING announced intent to sell its stake in TMB bank.[41].

[47], ING Wholesale Banking provides banking and financial services to corporations and other institutions. The new name better reflects the large corporate and institutional, international offering that makes up the vast majority of ING WB's business.[50]. The primary geographic focus of the wholesale banking business is the Netherlands, Belgium, Poland and Romania, where it offers a range of products, from cash management to corporate finance.

It later changed its name to "De Nederlanden van 1845". ING-DiBa is Germany's third biggest bank by the number of customers (c. 9 million). As of 2014, ING Group is no longer the controlling shareholder of its former subsidiary, owning 47% of its shares. Non-retail private banking services are offered in Netherlands, Belgium, Luxembourg, Switzerland and various countries in Asia and Central Europe. ING-DiBa serves customers in Germany. ING Direct Canada operated five 'Save Your Money Cafs' (branches) in the major cities of Toronto, Montral, Calgary and Vancouver. Our history, our legacy of innovation and our commitment to empower people to stay a step ahead in life and in business. Because doing great things, starts bydoing your thing. The fast-paced program is the quintessential market close show leading up to the final minutes and seconds before the closing bell on Wall Street with the latest news, data and expert analysis. In 1991, the banking business of NMB Postbank Groep and the insurance business of Nationale-Nederlanden were merged to create ING Group.[10]. [70], ING was the title sponsor of the Renault Formula One team from the 2007 season to the 2009 season. It also sponsored the ING Cup cricket competition in Australia between 2001 and 2006, a domestic limited overs competition. Originally created as ING Direct, these branches were renamed[42] to ING between 2017 and 2019.

And not every smart person is right for us.

[4] Since the creation in 2012, ING Bank is a member in the list of global systemically important banks. But were not some kind of workplace utopia. The program is run by the U.S. Financial Services division of global financial services company ING Group (ING). ING Wholesale Banking is the new name for ING Commercial Banking as of 20 January 2016. Were not right for everyone. [13] This included the sale of the ING Direct US operations to Capital One, ING Direct Canada to Scotiabank (d/b/a/ Tangerine) and the ING Direct UK operations to Barclays bank in 2012. Spin-off: ING-DiBa AG, The visualizations for "ING Deutschland GmbH, Frankfurt a. Two decades later, in 1863, the life insurance company Nationale Levensverzekerings Bank ("National Life Insurance Bank") was founded in Rotterdam. ING Direct products in the UK included savings accounts, Cash ISAs, mortgages and home insurance.

[51], As of February 2009, ING Canada (the insurance arm) is no longer a subsidiary of ING Group. 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. These two insurance companies made multiple acquisitions, and in 1963 merged to form the Nationale-Nederlanden insurance company. The light-infused building features a 250-seat auditorium, foyer, restaurants, library and an extensive art collection. ING has a 17% stake in the Bank of Beijing, the largest urban commercial bank in China. It was the title sponsor of the Australian Grand Prix and Belgian Grand Prix, the Hungarian Grand Prix, and the Turkish Grand Prix. ING Corporate Finance has a strong presence in Russia and Central and Eastern Europe. Conflicts of interest and confidential information, Notice of changes interest rate benchmarks, Quarterly Results and conference presentations. 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).

In January 2013, ING announced it had sold its 26% stake in India's Vysya Life Insurance to joint partner, In January 2016, ING Groep NV's banking unit invested in a leading Chinese, In March 2018, ING and Credit Suisse completed the first live, This page was last edited on 16 July 2022, at 17:16.

In November 2018, the bank changed its name to ING. The final tranche of 1.025billion was paid on 7 November 2014, half a year ahead of the repayment schedule as agreed with the European Commission in 2012. ING's sponsorships in the arts include the Dutch National Museum in Amsterdam (the Rijksmuseum), the New York Museum of Modern Art, and the Royal Concertgebouw Orchestra. The Bank offers accounts, savings, mortgages, loans, deposits, pension plans, equity and fixed income securities, brokerage services, and investment funds. However, the top floor of ING's London office is still home to the famous Baring art collection,[48] and the Baring Foundation,[49] a charitable foundation. [65], In September 2007, ING Direct acquired 104,000 customers and FDIC insured assets from NetBank after it suffered from bank failure. [citation needed]. [24] In 2013, ING reduced its stake in SulAmrica Seguros by 7.2%. ING Group continued to operate ING Bank of Canada, also known as ING Direct Canada. Embattled royal Prince Andrew used his status to help promote a secretive private bank, whose clients included kleptocrats and alleged criminals. ING Labs uses INGs knowledge and network to bring products and businesses to market. In 2004, ING Groep sold CenE Bankiers, which had previously been part of NMB, to F. On 25 March 2005, the company announced the acquisition of a 19.9% stake in the Bank of Beijing and the deal was worth about 1.7 billion yuan, or $200 million.

Its primary businesses are retail banking, direct banking, commercial banking, investment banking, wholesale banking, private banking, asset management, and insurance services. In 1986, post office banking services were privatized as Postbank N.V. and three years later it would merge with NMB bank to form NMB Postbank Groep. In 1991 the insurance branch of Nationale-Nederlanden and the banking branch of "NMB Postbank Groep" merged. On the 31st of May 2011, a programme for the issuance of Mortgage Pfandbriefe has been launched, out of which ING-DiBa AG will issue its Pfandbriefe. ING is a great place to be. Company operations are regulated by the Australian Prudential Regulation Authority and the Australian Securities and Investments Commission, Federal Government regulators. [66] Two months later, ING Direct acquired Sharebuilder, an electronic trading platform. With total assets of US$1.1 trillion,[2] it is one of the biggest banks in the world, and consistently ranks among the top 30 largest banks globally. ING is the Dutch member of the Inter-Alpha Group of Banks, a cooperative consortium of 11 prominent European banks. Mortgage Pfandbriefe are a further diversification of ING-DiBa AG's funding mix. [43][44] In 2016, the bank reported total assets of 158 billion and had around 3,900 employees. [39], In Thailand, ING has a 30% stake in TMB Bank, a universal banking platform with a nationwide network.

Nationale-Nederlanden expanded significantly during the 1970s and 1980s.[9].

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. The 1995 purchase of Barings Bank after its dramatic failure led to a boost in the company's investment banking business. In 2001 Bank lski merged with ING Bank N.V. 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. It started offering current accounts in 2009 and home loans in 2015. Were always looking for new ways to do things faster, better, cheaper. The EuroAsia IPO has been delayed while the US IPO is supposed to be completed by the end of 2012. ING Insurance Australia was purchased by ANZ in 2009, and rebranded as "OnePath" in 2010. [28] ING Bank's settlement with OFAC was simultaneous with settlements with the US Attorney's Office for the District of Columbia, the New York County District Attorney's Office and the Department of Justice's National Security Division and Justice's Asset Forfeiture and Money Laundering Section.