ING is a global financial services company providing banking, investments, life insurance and retirement services. The company serves more than 75 million customers in Europe, the United States, Canada, Latin America, Asia and Australia.
Based on market capitalisation (31 March 2008), ING is one of the 20 largest financial institutions worldwide. The ING Group reported sales to the tune of $197.93 billion and profits stood at $12.65 billion in 2007. The group is led by Michel Tilmant.
History
ING was founded in 1991 by a merger between Nationale-Nederlanden and NMB Postbank Group. During the past 15 years ING has become a multinational with very diverse international activities. ING's history can be traced to the insurers De Nationale Levensverzekering Bank and De Nederlanden van in 1845. The oldest legal predecessor is the Kooger Doodenbos from Koog, Noord Holland, founded in 1743.
Image: Workers of Dutch Insurance group ING in front of ING's office. | Photograph:Dirk Waem/AFP/Getty Images
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