Exhibit 8



|                                                                        |  |                                                                                           
|----------------------------------------------------------------------- |  | ------------------------------------------------------------------------------------------
|PRINCIPAL SUBSIDIARIES                                                  |  |                                                                                           
|                                                                        | 
|The principal subsidiaries of ING Groep N.V. 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 Holding N.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                                                                           
|Westland Utrecht Bank N.V.                                              |  | The Netherlands                                                                           
|ING België N.V.                                                         |  | Belgium                                                                                   
|ING Bank Slaski S.A.                                                    |  | Poland                                                                                    
|ING Financial Holdings Corporation                                      |  | United States of America                                                                  
|ING Vysya Bank Ltd.                                                     |  | India                                                                                     
|ING Direct N.V.                                                         |  | Canada, Germany, Spain, Australia, France, United States of America, 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                                                                           
|ING Vastgoed Belegging B.V.                                             |  | The Netherlands                                                                           
|ING Zivotna Poistovna a.s.                                              |  | Slovakia                                                                                  
|ING Nationale-Nederlanden Polska S.A.                                   |  | Poland                                                                                    
|ING Nationale-Nederlanden Polska Powszechne Towarzystwo Emerytaine S.A. |  | Poland                                                                                    
|ING Asigurari de Viata S.A.                                             |  | Romania                                                                                   
|ING Greek Life Insurance Company S.A.                                   |  | Greece                                                                                    
|ING Nationale-Nederlanden Magyarorszagi Biztosito Rt.                   |  | Hungary                                                                                   
|Nationale-Nederlanden Vida, Compañia de Seguros y Reaseguros S.A.       |  | Spain                                                                                     
|Nationale-Nederlanden Generales, Compañia de Seguros y Reaseguros S.A.  |  | Spain                                                                                     
|ING America Insurance Holdings, Inc.                                    |  | United States of America                                                                  
|ING International Insurance 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 Insurance Berhad                                                    |  | Malaysia                                                                                  
|ING Life Insurance Company (Japan) Limited                              |  | Japan                                                                                     
|ING Life Insurance Company (Korea) Limited                              |  | South Korea                                                                               
|ING Life Insurance Company (Bermuda) Limited                            |  | Hong Kong