Exhibit 8

PRINCIPAL SUBSIDIARIES

The principal subsidiaries of ING Groep N.V. and their statutory place
of incorporation or primary place of business are as follows:



|                                                                       |  |                                                         
|---------------------------------------------------------------------- |  | --------------------------------------------------------
|Companies treated as part of the banking operations                    |  |                                                         
|ING Bank N.V.                                                          |  | The Netherlands                                         
|Bank Mendes Gans N.V.                                                  |  | The Netherlands                                         
|ING Lease (Nederland) B.V.                                             |  | The Netherlands                                         
|ING Corporate Investments B.V.                                         |  | The Netherlands                                         
|ING Vastgoed Management Holding B.V.                                   |  | The Netherlands                                         
|ING Commercial Finance B.V.                                            |  | The Netherlands                                         
|WestlandUtrecht Bank N.V.                                              |  | The Netherlands                                         
|ING België N.V.                                                        |  | Belgium                                                 
|Record Bank N.V.                                                       |  | Belgium                                                 
|ING Luxembourg S.A.                                                    |  | Luxembourg                                              
|ING Bank Slaski S.A.                                                   |  | Poland                                                  
|ING Financial Holdings Corporation                                     |  | United States of America                                
|ING Vysya Bank Ltd.                                                    |  | India                                                   
|ING Direct N.V.                                                        |  | Germany, Spain, Australia, France, Italy, United Kingdom
|ING Bank A.S.                                                          |  | Turkey                                                  
|                                                                       | 
|Companies treated as part of the insurance operations                  |  |                                                         
|ING Verzekeringen N.V.                                                 |  | The Netherlands                                         
|Nationale-Nederlanden Levensverzekering Maatschappij N.V.              |  | The Netherlands                                         
|Nationale-Nederlanden Schadeverzekering Maatschappij N.V.              |  | The Netherlands                                         
|ING Insurance Eurasia N.V.                                             |  | The Netherlands                                         
|Parcom Capital B.V.                                                    |  | The Netherlands                                         
|Nationale-Nederlanden Services N.V.                                    |  | The Netherlands                                         
|Movir N.V.                                                             |  | The Netherlands                                         
|ING Re (Netherlands) N.V.                                              |  | The Netherlands                                         
|ING Fund Management B.V.                                               |  | The Netherlands                                         
|REI Fund Netherlands B.V.                                              |  | The Netherlands                                         
|ING Zivotna Poistovna a.s.                                             |  | Slovakia                                                
|ING Uslugi Finansowe S.A.                                              |  | Poland                                                  
|ING Powszechne Towarzystwo Emerytalne S.A.                             |  | Poland                                                  
|ING Asigurari de Viata S.A.                                            |  | Romania                                                 
|ING Greek Life Insurance Company S.A.                                  |  | Greece                                                  
|ING Biztosito Zartkoruen Mukodo Reszvenytarsasag                       |  | Hungary                                                 
|Nationale-Nederlanden Vida, Compañia de Seguros y Reaseguros S.A.      |  | Spain                                                   
|Nationale-Nederlanden Generales, Compañia de Seguros y Reaseguros S.A. |  | Spain                                                   
|ING U.S., Inc.                                                         |  | United States of America                                
|ING International Nominee Holdings, Inc.                               |  | United States of America                                
|ING Life Insurance and Annuity Company                                 |  | United States of America                                
|ING North America Insurance Corporation                                |  | United States of America                                
|Lion Connecticut Holdings Inc.                                         |  | United States of America                                
|ReliaStar Life Insurance Company                                       |  | United States of America                                
|ReliaStar Life Insurance Company of New York                           |  | United States of America                                
|Security Life of Denver Insurance Company                              |  | United States of America                                
|ING USA Annuity and Life Insurance Company                             |  | United States of America                                
|ING Investment Management Co                                           |  | United States of America                                
|Security Life of Denver International Limited                          |  | Cayman Islands                                          
|ING Life Insurance Company Limited                                     |  | Japan                                                   
|ING Life Insurance Company (Korea) Limited                             |  | South Korea                                             
|ING Life Insurance Company (Bermuda) Limited                           |  | Hong Kong