ING Bank
ING Bank, revered to be one of the largest and most respectable financial services firm in the world, offers insurance, asset management and banking in more than 50 territories. The company is known for its utmost customer service and respect for human cultures. Interested in putting investment in The Netherlands or its other branches in the world, get to know more about ING Bank, its history, mission, business principles and strategy.
ING Bank is based in Amsterdam, The Netherlands. Being a Dutch company with a century and a half years of banking experience, ING Bank commits itself to provide a selection of asset management, insurance and banking services. The company employs over 120,000 workers all over the world, working daily to meet the demands of a wide customer base including governments, private or public institutions, large corporations, small and medium enterprise, families and individuals. The company takes pride of its position as among the Top 10 financial institution in Europe and one of the Top 20 in the whole world.
ING’s primary focus is on its Benelux market. This is where ING serves more of its asset management and retail banking services. Meanwhile, the company’s performance in other countries shows ING’s priority on quality service and its excellence in other fields of financial services. In the United States, ING is one of the five top providers of life insurance and retirement services. In the meantime, ING is the primary provider of casualty and property insurance in the Canadian market. ING Direct is said to be the direct bank leader serving more than 15 million clients in 9 major markets. ING is also an important name in insuring lives in regions such as South America, Central Europe and Asia.
Behind all these successes, lies the mission, business principles, strategies and rich heritage and history of ING Bank. ING Bank strives to give their financial services in a manner that a meticulous client would always want, exemplary service execution, utmost convenience and competitive product rates. In one statement, ING states its vision to assist people manage their financial growth through programs like the ING Bank mortgages.
The ING bank corporate finance team is geared towards one goal. And in order to achieve this, the company workers go hand in hand in executing their strategies. ING, according to its website, says they are a company founded on customer orientation and strong value management. Since the company has penetrated the major markets, ING is committed to further its growth by executing their business ground rules: cost management, risk management, reputation management and customer management. This way, ING Bank is able to give their shareholders higher return.
ING Banks has a very rich history. The ING brand today is a multi-national entity but it’s always been true as tracing the roots of the company reveals. ING is a conglomeration of many local cultures, beliefs and business. The origins of ING can be dated back to 1845 with two insurance companies, De Nederlanden Van and De Nationale Levensverzekering Bank and three banks De POstcheque & Girodienst, De Rijkspostspaarbank and Nederlandsche Middenstands Bank.
Aptly called the pillars of ING, these entities served not only the Dutch markets but had also penetrated the markets in Asia and other territories across all religions and races. These institutions have undergone many mergers in the course of time and finally landed with two unique institutions – the NMB Postbank Group and Nationale-Nederlanden. The former being a bank and the latter being an insurance provider.
The two operated separately until the 1990s, when the legal ban for insurance and bank merger was put to an end. NMB Postbank Group and Nationale-Nederlanden finally merged and became the Internationale Nederlanden Group in 1991. Later on, the company abbreviated its name and the letters ING became a world name for client diversity with a singular commitment – and that is to provide the best financial services for their clients.