The ING Group (Dutch: ING Groep) is a global financial institution offering retail banking, direct banking, commercial banking, investment banking, asset management, and insurance services. ING is an abbreviation for Internationale Nederlanden Groep (English: International Netherlands Group).
The Orange Lion on ING's logo is an allusion to the Group's Dutch origins under the House of Orange-Nassau. ING is the Dutch member of the Inter-Alpha Group of Banks, a cooperative consortium of 11 prominent European banks.
According to Fortune magazine, in 2010, ING was the largest banking/financial services & insurance conglomerate in the world by revenue with gross receipts exceeding €54 billion (US$77 billion) per annum. The Group was also the world's 12th largest corporation by revenue according to the 2010 Global Fortune 500. As of 2009, ING served over 85 million individual and institutional clients in more than 45 countries, with a worldwide workforce exceeding 100,000.
Read more about ING Group: History, Global Operations, Global Headquarters
Famous quotes containing the word group:
“There is nothing in the world that I loathe more than group activity, that communal bath where the hairy and slippery mix in a multiplication of mediocrity.”
—Vladimir Nabokov (1899–1977)