ING Groep shares, INGA share prices on the Stock Exchange

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ISIN code: NL0011821202
Sector: Finance
Industry: Major banks

ING Group's shares are listed on the Euronext Amsterdam index under the ticker INGA and the NYSE New York market under the ticker ING.

See the share price history on the Euronext index

Company Description

ING Groep NV, known as ING Group, is a Dutch multinational banking and financial services company.
It is based in Amsterdam. The bank was Founded in 1991 the merger of the banking business of the NMB Postbank group and the insurance business of Nationale-Nederlanden.

The ING Group is one of the largest banks in the world and among the top 30 largest banks globally. It is among the top ten European banks by turnover. ING is a Dutch member of theInter-Alpha Group of Banks, a cooperative consortium of 15 major European banks. It is part of the list of global systemically important banks.

The group operates in 40 countries with 57.000 employees. At the end of 2020 it appears to have more than 39 million customers.

Its main businesses are retail banking, direct banking, commercial banking, investment banking, wholesale banking, private banking.

Revenues come mainly from retail banking (69,3%) followed by investment banking (30,6%). Geographically, the largest profits are generated by the Benelux region (Netherlands, Belgium and Luxembourg).

The ING group has been present in Italy with Retail Banking activities since 2001 with a volume of activity of over 21 billion euro.

ING Group is listed on Euronext Amsterdam and on the New York Stock Exchange (NYSE). It is part of the Euro Stoxx 50 index.

I major shareholders of Ing Group I'm:

• BlackRock – 5,07%
• JP Morgan Chase & Co, 5,03%
• UBS Group AG – 3,20%
• Artisan Investment GP – 3,08%
• Norges Bank Investment Management, 2,99%
• State Street Corporation – 2,83%
• The Vanguard Group Inc., 2,60%

Turnover in 2020 was 17.637 billion euros with a net profit of 2.485 billion.

La subsidiaries from Ing Groep are:

• ING
• ING Bank Śląski (Poland)
• ING Belgium SA / NV (Belgium)
• Record Bank (Belgium)
• ING Bank Türkiye (Türkiye)
• ING Direct
• ING European Financial Services Plc
• ING Finansal Kiralama A.Ş. (ENG Leasing)
• ING Menkul Değerler A.Ş. (ING Securities)
• ING Capital
• AFP Capital
• Bank Mendes Gans
• Makelaarsland and The Baring Archive

It has stakes in other companies:

• Bank of Beijing Co. Ltd, 15,1%
• TMB Bank PCL (Thailand), 23%
• MOL Magyarország, 4,78%
• Burckhardt Compression, 10,3%

Recently Bank of Beijing and ING have created a joint venture for create a new digital bank in China. ING will have a 51% stake with Bank of Beijing owning the remaining 49%. The two banks will invest $448 million. The project will have to be approved by the Chinese authorities.

Economic and financial analysis of the company

ING Group was born from the merger of the banking business of NMB Postbank Groep and the insurance business of National Netherlands in 1991.
This merger occurred following legislative changes in the country which allowed banks and insurance companies to operate together.

Through acquisitions it begins to expand internationally. At the insurance level, he buys various companies in Canada, the United States, Europe and Asia.

In 1995 he took possession of the bankrupt company Baring Bank, assumes all the bank's liabilities and rebrands it ING Barings.

In 1996 he became the majority shareholder of the Polish bank Bank Slaski.

In 1997 he bought Furman Selz LLC., a private New York securities firm, for $600 million and the US insurance company Equitable of Iowa for 2,2 billions of dollars.
Acquires Bank Mendes Gans, a Dutch bank specializing in international cash management services.

In 1998 he acquired Banque Bruxelles Lambert which is renamed ING Belgium. Buy 49% of Allgemeine Deutsche Direktbank AG which has been called since 1999 diba.

In 1999 the ING group takes control of the German bank BHF Bank later renamed ING BHF Bank.

In 2000 he announced an agreement for the acquisition of ReliaStar, the eighth largest publicly held life insurance company in the United States, totaling $6,1 billion. Buy from Aetna its financial services and international assets of $7,7 billion.

In 2001, he sold the assets of ING Barings in the United States to ABN Amro for 275 million dollars. In Europe, it bundles activities directly into its banking division.
Bank Śląski merges with ING Bank NV of Poland becoming ING Bank Śląski.
Enters the Central American market with the acquisition of Seguros Comercial America, the largest insurance company in Mexico.

In 2002 he bought a stake in Vysya Bank: born ING Vysya. This was the first merger between an Indian bank and a foreign bank. ING Group held a 44% equity stake in ING Vysya Bank.

In 2003 it acquired the entire share package of DiBa. Since 2007, the company has been operating under the name of ING-DiBa. ING-DiBa is the third largest German bank by number of customers (about 9 million).

In 2004 ING decides to sell ING BHF-Bank to Ps. Oppenheim for 600 million euros e CenE Bankiers a F. Van Lanschot Bankiers.

In 2005, ING had become the fourth European financial group: insurance represented 60% of its business and banks 40%. The group was present in 50 countries, had more than 120.000 employees, 75 million customers and managed almost 600 billion euros in funding.

In March 2005 ING announces the acquisition of the 19,9% ​​stake in Bank of Beijing for about 200 million dollars. This entry marks the start of a joint venture between ING and the Chinese bank. ING is the first Chinese bank with an international bank holding a majority stake.

In November 2007 it acquired a 30% stake in TMB Bank PCL, Bank of Thailand.

The 2008 crisis put ING Group in difficulty. To deal with the crisis, it receives a capital injection from the Dutch government of around 10 billion euros. State aid, according to the provisions of the European Commission, led to the sale of various businesses, especially at an international level.
Le divested companies and holdings were:

• ING Canada
• ING Insurance Australia / New Zealand
• ING Private Banking Switzerland
• ING Private Banking Asia
• ING Reinsurance USA
• ING Real Estate Manager “REIM”
• ING Direct USA
• ING Insurance Latin America
• ING Direct Canada
• ING Direct UK United Kingdom
• Industrial Fund of the ING Summit

Sells 5% stake in Fuban Finance.

In October 2009 it was announced that the insurance branch would also be demerged from the ING group.

In 2010 Bank of Beijing acquires 50% stake in ING Capital Life Insurance.

In 2013 a new company was established, NN Group, which became the parent company of ING Group's insurance and wealth management businesses.

In January 2013, he sold his 26% stake in the Indian company Vysya Life Insurance a Exide Industries.

In March 2014, the insurance activities of ING Group were merged into NN Group.
ING Direct merged into ING Bank.

On November 20, 2014 ING Vysya Bank decided to merge with Kotak Mahindra Bank, creating the fourth largest private sector bank in India. ING retains a 7% shareholding.

In January 2016 the group invests in WeLab, a leading Chinese fintech player.

In April 2016, he sold the last shares of the NN group, exiting the insurance business.

Since 2017, with a rebranding operation, many of the companies controlled by the ING group are simply called ING.

In March 2018, ING e Credit Suisse have completed the first real-time securities lending transaction worth 25 million euros using an application from HQLAx, a financial technology company, based on Corda.
ING has invested in several projects blockchain, among which Komgo, which aims to automate a number of transactions using Ethereum.

In 2019, he announced the exit from the share package of Kotak Mahindra Bank.