What is ING and what do they do?
· ING is an institution of Dutch origin. It has establishments in more than 40 countries.
· ING doesn't offer any goods, it only offers services, such as day-to-day banking, lending, savings, investments, insurance and retirement.
History
· The roots of ING can be traced to the insurance companies De Nationale Levensverzekering Bank and De Nederlanden van 1845.
· And to the bank services such as Rijkspostbank, De Postcheque-and Girodienst and the Nederlansche Middenstands Bank.
· The founding fathers of ING are the Nationale-Nederlanden and NMB Postbank Groep.
The founding of ING
· A merger between Nationale-Nederlanden and bank company NMB Postbank Group in 1990 created Internationale Nederlanden Groep.
· Internationale Nederlanden Groep soon became I-N-G Groep N.V.
· Since 1991, ING with its international activities became a multinational business.
Business with ING
· You can do business with ING in Belgium but also international business abroad.
· They are available worldwide.
· They've got local expertise and presence in over 40 countries.
· They offer their services to individuals, families, small businesses, large corporations, institutions and governments.
Services of ING
· I will give one example of each service they offer and explain what it is. (day-to-day banking, lending, savings, investments, insurance and retirement)
Example of day-to-day banking
ING Green Account:
The ING Green Account is an all-in package that includes a current account, a bank card and Home' Bank subscription. It allows you to easily manage your account.
Example of lending
Car loan:
The ING Car Loan is an short term loan for buying a new or second-hand vehicle. This could be a car, a motorcycle or a mobile home.
Example of saving/retirement
Pension saving fund:
Star Fund is a mutual pension savings fund incorporated under Belgian law. With pension savings, you top up your legal pension with a sum that you build up at your own pace.
Example of investments
Shares:
A share is a certificate of ownership of part of a company's capital. A shareholder is the owner of this company in proportion to the number of shares he has. Quoted shares of companies can be traded freely on the stock exchange.
Example of insurance
ING Car Assurance:
It is a complete insurance for your car at an excellent rate with multiple cover options in case you wish to have more than the minimum legal insurance.
ING and its employees
· ING Bank sets more than 63,000 employees to work.
· These employees offer retail and commercial banking services to customers in over 40 countries.
Daughter company NN Group
· ING Bank also has a very big daughter company, the NN Group. It is a leading insurance and investment company.
· The company is active in 18 countries, especially in Europe and Japan.
· NN Group sets more than 12,000 employees to work.
· NN group is preparing to become an independent company.
Future of ING
· ING gives people and organizations the opportunity to realize their own ideas, ideas to create a better future, no matter how big or modest they are.
· The goal of ING is to give people the opportunity to walk in front on private as well as on business level.
· ING's mission: "to set the standard in helping our customers manage their financial future".
· ING is an institution of Dutch origin. It has establishments in more than 40 countries.
· ING doesn't offer any goods, it only offers services, such as day-to-day banking, lending, savings, investments, insurance and retirement.
History
· The roots of ING can be traced to the insurance companies De Nationale Levensverzekering Bank and De Nederlanden van 1845.
· And to the bank services such as Rijkspostbank, De Postcheque-and Girodienst and the Nederlansche Middenstands Bank.
· The founding fathers of ING are the Nationale-Nederlanden and NMB Postbank Groep.
The founding of ING
· A merger between Nationale-Nederlanden and bank company NMB Postbank Group in 1990 created Internationale Nederlanden Groep.
· Internationale Nederlanden Groep soon became I-N-G Groep N.V.
· Since 1991, ING with its international activities became a multinational business.
Business with ING
· You can do business with ING in Belgium but also international business abroad.
· They are available worldwide.
· They've got local expertise and presence in over 40 countries.
· They offer their services to individuals, families, small businesses, large corporations, institutions and governments.
Services of ING
· I will give one example of each service they offer and explain what it is. (day-to-day banking, lending, savings, investments, insurance and retirement)
Example of day-to-day banking
ING Green Account:
The ING Green Account is an all-in package that includes a current account, a bank card and Home' Bank subscription. It allows you to easily manage your account.
Example of lending
Car loan:
The ING Car Loan is an short term loan for buying a new or second-hand vehicle. This could be a car, a motorcycle or a mobile home.
Example of saving/retirement
Pension saving fund:
Star Fund is a mutual pension savings fund incorporated under Belgian law. With pension savings, you top up your legal pension with a sum that you build up at your own pace.
Example of investments
Shares:
A share is a certificate of ownership of part of a company's capital. A shareholder is the owner of this company in proportion to the number of shares he has. Quoted shares of companies can be traded freely on the stock exchange.
Example of insurance
ING Car Assurance:
It is a complete insurance for your car at an excellent rate with multiple cover options in case you wish to have more than the minimum legal insurance.
ING and its employees
· ING Bank sets more than 63,000 employees to work.
· These employees offer retail and commercial banking services to customers in over 40 countries.
Daughter company NN Group
· ING Bank also has a very big daughter company, the NN Group. It is a leading insurance and investment company.
· The company is active in 18 countries, especially in Europe and Japan.
· NN Group sets more than 12,000 employees to work.
· NN group is preparing to become an independent company.
Future of ING
· ING gives people and organizations the opportunity to realize their own ideas, ideas to create a better future, no matter how big or modest they are.
· The goal of ING is to give people the opportunity to walk in front on private as well as on business level.
· ING's mission: "to set the standard in helping our customers manage their financial future".