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
Overall CultureA+

Latest Updates

Employees (est.) (May 2021)53,361(-5%)
Job Openings1,122
Revenue (FY, 2019)€33 B(-1%)
Share Price (May 2021)€10.8(+2%)
Cybersecurity ratingCMore

Key People/Management at ING

Steven van Rijswijk

Steven van Rijswijk

CEO
Tanate Phutrakul

Tanate Phutrakul

CFO
Ljiljana Čortan

Ljiljana Čortan

CRO, Member Management Board Banking
Roel Louwhoff

Roel Louwhoff

Member Management Board Banking, Chief Operations Officer, Chief Transformation Officer
Pinar Abay

Pinar Abay

Member Management Board Banking, Head of Market Leaders
Hans Wijers

Hans Wijers

Chairman Supervisory Board
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ING Office Locations

ING has offices in Amsterdam, New York, Buenos Aires, Sydney and in 31 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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ING's revenue was reported to be €33.05 b in FY, 2019 which is a 1.5% 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 (7-May-2021)

42.2b

Closing stock price (7-May-2021)

10.8

Cash (30-Jun-2020)

119.0b

EV

61.0b
ING's current market capitalization is €42.2 b.
Annual
EURFY, 2017FY, 2018FY, 2019

Revenue

50.0b33.6b33.0b

Revenue growth, %

(33%)(2%)

Cost of goods sold

31.4b15.2b15.9b

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.
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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
Interhyp AGAugust 30, 2008€418 m
CitiStreetJuly 30, 2008€578 m
Bank Mendes Gans N.V.
ING Bank A.S.
ING Bank (Australia) Ltd
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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

70/100

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

Model Explainability — How to choose the right tool?

Model Explainability — How to choose the right tool?At ING we put a lot of importance on making sure that the Machine Learning (ML) models we build, are well tested and safe to use. A crucial part of it is explaining and understanding the model. However, there are many explainability tools available…

Create a design system with Lion web components

“Do I need to create a design system from scratch?” That’s a question you may ask when creating it. Mathieu Puech of Ubisoft explains in his article below why and how he used the ING Lion web component library.Like many companies, there is a need of design system for a lot of reasons. At Ubisoft, ou…

Best practices to build Web Components

Photo by Xavi Cabrera on UnsplashWe all know by now how useful Web Components can be. They provide a multitude of advantages that can help you and enhance your experience of building Web Applications, or a Design System or simply when building something that is going to be reused everywhere in your …

Architecture and Design — Unit Testing using ArchUnit

Architecture and Design — Unit Testing using ArchUnitMost of the projects in their beginning phase have a well-written documentation that reflects the reality (the code). As the projects evolve and new developers join, the well-written starting/opening documentation falls behind and becomes obsolete…

Multiparty Computation threshold signing in Practice: Bringing Security to our Customers

Author: T. KoensThis article covers ING’s latest development on Multiparty Computation. Find the code for our MPC solution here, and the whitepaper here.While distributed ledger technology (DLT) provides powerful solutions to achieve decentralized operations, securely running a DLT platform remains …

Open-sourcing ShapRFECV — Improved feature selection powered by SHAP

Open-sourcing ShapRFECV — Improved feature selection powered by SHAPWhen building a machine learning model, selecting a suitable subset of features may significantly improve the performance of the final solution. This post introduces ShapRFECV, a new method for feature selection in decision-tree-bas…
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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 53,361 employees.

  • What is ING revenue?

    Latest ING annual revenue is €33 b.

  • What is ING revenue per employee?

    Latest ING revenue per employee is €619.3 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 31 other locations.

  • How many offices does ING have?

    ING has 37 offices.