ING

OverviewSuggest Edit

ING Group is a global banking company serving retail and wholesale markets. Its retail offering includes savings, payments, investments, loans, and mortgages. The company also provides wholesale banking clients with specialized lending, tailored corporate finance, debt and equity market solutions, payments and cash management, and trade and treasury service.
TypePublic
Founded1991
HQAmsterdam, NL
Websiteing.com
Employee Ratings3.9
Overall CultureA+

Latest Updates

Employees (est.) (Jul 2021)57,000(+7%)
Job Openings1,518
Revenue (FY, 2019)€33 B(-1%)
Share Price (Aug 2022)€9.4(-1%)
Cybersecurity ratingCMore
Discover new suppliers and conduct deeper comparison analysis with Craft for EnterpriseLearn more
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Key People/Management at ING

Steven van Rijswijk

Steven van Rijswijk

Chief Executive Officer
Tanate Phutrakul

Tanate Phutrakul

Chief Executive Officer
Ljiljana Čortan

Ljiljana Čortan

CRO, Member Management Board Banking
Pinar Abay

Pinar Abay

MBB, Head of Market Leaders
Andrew Bester

Andrew Bester

Head of Wholesale Banking
Aris Bogdaneris

Aris Bogdaneris

MBB, head of Retail and head of Challengers & Growth Markets
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ING Office Locations

ING has offices in Amsterdam, New York, Buenos Aires, Sydney and in 30 other locations
Amsterdam, NL (HQ)
Bijlmerdreef 106
Buenos Aires, AR
Juana Manso, Piso 8
Sydney, AU
Level 28/60 Margaret St
Wien, AT
Praterstraße 31
Etterbeek, BE
Cours Saint Michel 60
Sao Paulo, BR
Av. Pres. Juscelino Kubitschek 1909 - 20ºandar
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ING Financials and Metrics

ING Revenue

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View revenue for all periods
ING's revenue was reported to be €33.05 b in FY, 2019 which is a 1.9% decrease from the previous period.
EUR

Revenue (H1, 2020)

14.6b

Gross profit (H1, 2020)

8.7b

Gross profit margin (H1, 2020), %

59.6%

Net income (H1, 2020)

626.0m

Market capitalization (1-Aug-2022)

35.1b

Closing stock price (1-Aug-2022)

9.4

Cash (30-Jun-2020)

119.0b

EV

54.0b
ING's current market capitalization is €35.1 b.
Annual
EURFY, 2017FY, 2018FY, 2019

Revenue

50.0b33.7b33.0b

Revenue growth, %

(33%)(2%)

Cost of goods sold

31.4b15.4b15.9b

Gross profit

18.6b18.3b17.1b
Half Year
EURH1, 2018H1, 2019H1, 2020

Revenue

15.8b16.3b14.6b

Cost of goods sold

6.9b8.1b5.9b

Gross profit

8.9b8.1b8.7b

Gross profit Margin, %

56%50%60%
Annual
EURFY, 2017FY, 2018FY, 2019

Cash

22.0b50.0b53.2b

Accounts Receivable

571.9b589.7b608.0b

PP&E

1.8b1.7b3.2b

Total Assets

843.9b884.6b888.5b
Half Year
EURH1, 2018H1, 2019H1, 2020

Cash

38.3b52.2b119.0b

Accounts Receivable

584.7b607.1b612.4b

PP&E

1.8b2.8b3.1b

Total Assets

903.5b909.9b981.3b
Annual
EURFY, 2017FY, 2018FY, 2019

Depreciation and Amortization

520.0m520.0m789.0m

Accounts Payable

18.3b19.7b18.0b

Cash From Operating Activities

(5.3b)6.9b13.1b

Purchases of PP&E

(264.0m)(286.0m)(355.0m)
Half Year
EURH1, 2018H1, 2019H1, 2020

Depreciation and Amortization

267.0m388.0m402.0m

Accounts Payable

19.8b15.3b34.4b

Cash From Operating Activities

(3.1b)3.8b77.4b

Purchases of PP&E

(133.0m)(135.0m)(144.0m)
EURFY, 2017

Revenue/Employee

970.6k

Debt/Equity

2.3 x

Debt/Assets

0.1 x

Financial Leverage

17.2 x
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ING Operating Metrics

ING's Customers was reported to be 38.4 m in FY, 2019. ING's Total Loans was reported to be €643.1b in H1, 2020. ING's Total Deposits was reported to be €684.3b in H1, 2020.

ING Acquisitions / Subsidiaries

Company NameDateDeal Size
Intersoftware Group B.VMay 30, 2019€18 m
Payvision Holding B.VDecember 30, 2018€16 m
Makelaarsland B.V.February 20, 2018€14 m
3W Holding B.V.August 30, 2009
Oyak EmeklilikDecember 30, 2008€110 m
InterhypAugust 30, 2008€418 m
CitiStreetJuly 30, 2008€578 m
Bank Mendes Gans N.V.
ING Bank
ING Bank A.S.
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Human Capital Metrics

Source: craft.co
ING's employees are reported to be approximately 48% female and 52% male.
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ING Cybersecurity Score

Cybersecurity ratingPremium dataset

C

74/100

SecurityScorecard logo

ING Environment, Social & Governance (ESG) Ratings

CSRHub ESG ratingPremium dataset

50-59

out of 100

CSRHub logo

ING Online and Social Media Presence

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ING Company Culture

  • Overall Culture

    A+

    81/100

  • CEO Rating

    A+

    85/100

  • Compensation

    A+

    92/100

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ING News and Updates

ING Nederland fonds invests in financial self-reliance for young people

The ING Nederland fonds will support Humanitas Get a Grip with €328,000 over the next two years, ensuring it can double its reach in the Netherlands and help more young people

ING rated ‘strong’ for ESG by S&P

ING’s environmental, social and governance (ESG) practices have been rated ‘strong’ by credit rating agency S&P Global Ratings (S&P)

The Renewables Infrastructure Group secures £500 million ESG-linked line of credit

The Renewables Infrastructure Group has secured a £500 million ($663 million) line of credit from a consortium of global banks. The London-based energy infrastructure investment firm will get a discount on interest on a three-year line of credit if it meets social, environmental and governance miles…

Awards: Year-end winners across the globe

ING in Australia received their fourth award this year, named the ‘Most Trusted Financial Institution’ at the Australian Banking Innovation awards. The award, won by ING for the second year running, was based on the Banking Trust Index of RFI Group using the results of a survey of 63,000 Australian …

ING reports its climate alignment score for its shipping portfolio for the first time under the Poseidon Principles

Banks have an important role to play in promoting sustainable development. Within the shipping sector, the approach to sustainability was fragmented among different financial institutions. Driven by leading shipping financiers, in June 2019, the Poseidon Principles became the first sector-specific c…

ING Ventures invests in data privacy company

ING Ventures has invested in data security company eXate, strengthening ING’s commitment to becoming a data-driven organisation. The London-based fintech will use the funds to speed up the development of its data management platform, which aims to enhance and simplify the way companies ensure privac…
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ING Blogs

Two years of monorepo hand-on experience

Analysis of famous pros and cons of monorepo approach after two years of using it. Tears or happiness?The target audience of this article is developers either aiming to use monorepo or already using it but not for a long time.What is monorepo?The idea of monorepo is not new. Instead of having one pr…

Cracking the Vault: our first take-aways from Data Vault Modelling

As part of ING’s global finance and risk function, we currently building a new data warehouse to provide better access to front-office data for regulatory and strategic purposes. Fundamental to a data warehouse is the data model and we were looking for a modelling method that fits our agile way of w…

Semantic search in risk management using NLP pipeline

“At ING, we use AI to help financial experts utilize existing data to identify risks, and ensure better information for future planning.”Many industry-grade search engines exist (e.g. Elasticsearch) as general-purpose systems. While they have a general understanding of languages and include search a…

Codemod idea to make your codebase evergreen (part 2/2 — practice)

Codemod idea to make your codebase evergreen (part 2/2 — practice)Real code samples and practical explanations on how to keep your code evergreen: the full end-to-end process from examing your code to get AST of it to writing tests to validate the correctness of your modifications.Small recap of the…

Codemod idea to make your codebase evergreen (part 1/2 — theory)

Codemod idea to make your codebase evergreen (part 1/2 — theory)Over time our codebase gets bigger. Technologies get newer. Code gets outdated. How to keep it up-to-date?I’m Pavlik Kiselev, a front-end developer at ING at the Fraud prevention and investigation department. And I encounter the problem…

Scriptless GUI test automation at ING

Could we have some “monkey” to test our GUI applications before release?Whaaat? Monkey testing for GUI?IntroductionTraditionally, graphical user interface (GUI) test automation is implemented with test scripts, either recorded with capture and replay tools, or written with scripting tools. These tes…
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ING Frequently Asked Questions

  • When was ING founded?

    ING was founded in 1991.

  • Who are ING key executives?

    ING's key executives are Steven van Rijswijk, Tanate Phutrakul and Ljiljana Čortan.

  • How many employees does ING have?

    ING has 57,000 employees.

  • What is ING revenue?

    Latest ING annual revenue is €33 b.

  • What is ING revenue per employee?

    Latest ING revenue per employee is €579.8 k.

  • Who are ING competitors?

    Competitors of ING include Citibank, Commerzbank and NIBC.

  • Where is ING headquarters?

    ING headquarters is located at Bijlmerdreef 106, Amsterdam.

  • Where are ING offices?

    ING has offices in Amsterdam, New York, Buenos Aires, Sydney and in 30 other locations.

  • How many offices does ING have?

    ING has 35 offices.