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ING Group is the Netherlands based multinational financial and banking service conglomerate and divided into the business segments of investment banking, retail banking, insurance, commercial banking, and assest management. Ing is an acronym for Internationale Nederlanden Groep. The company's headquarters is located in Amsterdam, Netherlands and is listed on NYSE and Euronext. It is also associated with Inter-Alpha Group of Banks and is listed in the category of “global systemically important banks” in 2012. ING is also ranked among one of the world's largest banking and financial services providers in terms of revenue. The group covers over 40 nations with the base of more than 48 million clients. It has the strength of over 75,000 employees in the world. The group also owned stakes in other financial institutions around the world like Ing Vysya Bank, Bank of Beijing, and TMB Bank.
ING Group was formed through the merger of NMB Postbank Groep and the insurance segment of Nationale-Nederlanden in 1991. Later it carried several acquisitions of other companies like Parcom, Wellington, Equitable of Iowa, DiBa, Alliance of Canada etc. Many of its acquisitions helped ING to start its international operations like BBL, Equitable of Iosa, Furman Selz, BHF Bank, ReliaStar, Aetna etc. It adapted direct banking model to carry out its retail banking segment and introduced ING Direct. ING opened its corporate headquarters at Zuidas, Amsterdam, Netherlands in 2002.
ING operates its retail banking business in Belgium, Netherlands, Poland, India, Thailand, China and Luxembourg while the non retail banking is being operated in Switzerland, Netherlands, Luxembourg, Belgium and other Asian and Central European nations. ING also provides commercial banking services to industries and companies and is divided into various categories to serve particular financial needs. Its corporate finance division offers advises on financial transaction, IPOs, management Buy outs, shares etc. It offers insurance services in Asia, America and Europe while its investment management services are available in over 30 nations.