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ING Groep N.V. (ING)Stock (Financial Services Industry, Life Insurance Industry)
ING Groep N.V. is a global financial institution. The Company provides a range of insurance, banking and asset management services and serves more than 60 million customers in Europe, the United States, Canada, Latin America, Asia and Australia. ING has six business lines: Insurance Europe, Insurance Americas, Insurance Asia/Pacific, Wholesale Banking, Retail Banking and ING Direct. In April 2007, the Company completed the acquisition of AZL, a Netherlands-based provider of pension fund management services. In June 2007, the Company completed the sale of its specialty insurance unit , Nationale Borg, to HAL Investments B.V. and Egeria. In July 2007, the Company completed the sale of its business unit ING Trust. In July 2007, ING Real Estate, a subsidiary of the Company, acquired the Triangle Part-Dieu office building in Lyon, France. In September 2007, the Company completed the sale of ING Insurance Belgium NV, its Belgian broker and employee benefits insurance business, to P&V Verzekeringen. In January 2008, the Company closed all five transactions to acquire Banco Santander's pension and annuity businesses in Mexico, Chile, Colombia, Uruguay and Argentina. In July 2006, ING acquired Appleyard Vehicles Contracts, a United Kingdom-based car leasing company. In October 2006, ING acquired 56% of Summit Real Estate Investment Trust (Summit REIT), which owns a portfolio of light industrial properties in major markets across Canada. In October 2006, ING acquired ABN AMRO Asset Management (Taiwan) Ltd, a registered Securities Investment Trust Enterprise. In June 2006, ING sold its United Kingdom brokerage unit Williams de Broe Plc. In September 2006, it sold its 87.5% stake in Deutsche Hypothekenbank AG. In December 2006, ING sold its stake in Degussa Bank, a unit of ING-DiBa specialising in worksite banking for private customers. Insurance Europe Insurance Europe operates the insurance and asset management activities in Europe. Insurance Europe's main insurance activities are in the Netherlands, Belgium, Spain, Greece and Central Europe. It offers life insurance with a particular focus on pensions. In the Netherlands and Belgium, the Company also offers non-life insurance. Insurance Americas Insurance Americas provides insurance, investment, retirement and asset management products and services in the United States. In the United States, ING provides retirement services. In Canada, the Company is a property and casualty insurer. It also operates in Mexico, Chile, Peru and Brazil. Insurance Asia/Pacific Insurance Asia/Pacific conducts life insurance and asset/wealth management activities in Asia/Pacific. The Company operates in Australia, Hong Kong, Japan, Malaysia, New Zealand, South Korea and Taiwan. Wholesale Banking Wholesale Banking conducts global wholesale banking operations. ING's primary focus is on the Netherlands and Belgium, where it offers a range of products to companies and other institutions. Wholesale Banking also manages ING Real Estate, a real estate investment manager. Retail Banking Retail Banking offers retail banking services in the mature markets of the Netherlands and Belgium, and in the developing markets of Poland, Romania, India and China. Private banking is offered by ING in the Netherlands, Belgium, Luxembourg, Switzerland and various countries in Asia, Latin America and Central and Eastern Europe. ING Direct ING Direct operates direct retail banking activities for customers in Australia, Canada, France, Germany and Austria, Italy, Spain, the United Kingdom and the United States. The main products offered by ING Direct are savings accounts and mortgages.
 ING Groep N.V.2004 Data 2005 Data 2006 Data 2007 Data 2008 Data Most Recent Data Available [edit] References
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