page_title: ING Group
section_title: Banking
hierarchical_section_title: ING Group / History / Banking
caption_attribution_description: English: ING Bank Nieuw-Vennep
context_page_description: The ING Group is a Dutch multinational banking and financial services corporation headquartered in Amsterdam. Its primary businesses are retail banking, direct banking, commercial banking, investment banking, wholesale banking, private banking, asset management, and insurance services. With total assets of US$1.1 trillion, it is one of the biggest banks in the world, and consistently ranks among the top 30 largest banks globally. It is among the top ten in the list of largest European companies by revenue.
  ING is the Dutch member of the Inter-Alpha Group of Banks, a cooperative consortium of 11 prominent European banks. Since the creation in 2012, ING Bank is a member in the list of global systemically important banks.
  In 2018, ING had 38.4 million clients in more than 40 countries. The company is a component of the Euro Stoxx 50 stock market index.
  ING is an abbreviation for Internationale Nederlanden Groep. The orange lion on ING's logo alludes to the group's Dutch origins.
  The long-term debt for the company as of December 2019 is €150 billion.
context_section_description: In 1881, the Dutch government created the Rijkspostspaarbank, a postal savings system to encourage workers to start saving. Four decades later they added the Postcheque and Girodienst services allowing working families to make payments via post offices. Separately in 1927, the Dutch government initiated a re-organisation of Dutch banks which resulted in the creation of the Nederlandsche Middenstands Bank (NMB). NMB's focus was retail banking in the Netherlands and abroad.
  In 1986, post office banking services were privatised as Postbank N.V. and three years later it would merge with NMB bank to form NMB Postbank Groep.
caption: An ING Bank in Nieuw-Vennep, the Netherlands
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