ING Groep N.V. (ING) Bundle
A Brief History of ING Groep N.V. (ING)
Company Overview
ING Groep N.V. is a multinational banking and financial services corporation headquartered in Amsterdam, Netherlands. As of 2024, the company operates in over 40 countries.
Financial Performance
| Financial Metric | 2023 Value |
|---|---|
| Total Assets | €1.155 trillion |
| Net Profit | €5.7 billion |
| Common Equity Tier 1 (CET1) Ratio | 14.9% |
| Return on Equity | 10.5% |
Global Presence
- Employees: 57,285
- Countries of Operation: 40+
- Customer Base: 38.4 million
Business Segments
ING operates through several key business segments:
- Retail Banking
- Wholesale Banking
- Digital Banking Services
Digital Transformation
As of 2024, ING has invested €1.2 billion in digital transformation initiatives.
Sustainability Efforts
| Sustainability Metric | 2023 Performance |
|---|---|
| Green Financing | €81.4 billion |
| Renewable Energy Investments | €22.6 billion |
Stock Performance
NYSE Euronext Amsterdam Ticker: ING
- Market Capitalization: €43.2 billion
- Stock Price (2024): €12.45
A Who Owns ING Groep N.V. (ING)
Ownership Structure
As of 2024, ING Groep N.V. is a publicly traded company listed on Euronext Amsterdam with the following key ownership details:
| Shareholder Category | Percentage Ownership |
|---|---|
| Institutional Investors | 73.4% |
| Individual Shareholders | 26.6% |
Top Institutional Shareholders
| Investor | Ownership Percentage |
|---|---|
| BlackRock Inc. | 5.02% |
| Capital Research and Management Company | 3.89% |
| The Vanguard Group | 3.12% |
Government Ownership
The Dutch State holds a 0% direct ownership stake in ING Groep N.V. as of 2024.
Shareholder Rights
- Voting rights proportional to share ownership
- Annual dividend potential
- Participation in shareholder meetings
Stock Information
Stock Exchange: Euronext Amsterdam
Ticker Symbol: INGA
Market Capitalization: €41.3 billion (as of January 2024)
ING Groep N.V. (ING) Mission Statement
Corporate Mission Overview
ING Groep N.V. mission statement focuses on empowering customers to stay a step ahead in life and in business through innovative financial services.
Key Strategic Objectives
- Provide digital banking solutions across 40 countries
- Serve 38.4 million retail customers globally
- Maintain €1.06 trillion in total assets as of 2023
Financial Performance Metrics
| Financial Indicator | 2023 Value |
|---|---|
| Net Profit | €5.7 billion |
| Core Tier 1 Capital Ratio | 15.9% |
| Return on Equity | 11.2% |
Customer-Centric Approach
Digital Transformation Priorities:
- Deploy advanced AI and machine learning technologies
- Enhance mobile banking platforms
- Provide personalized financial recommendations
Sustainability Commitments
Climate-related financing and investment targets:
- €42 billion in sustainable financing by 2025
- Reduce carbon emissions by 55% by 2030
- Align investment portfolio with Paris Climate Agreement
How ING Groep N.V. (ING) Works
Corporate Structure
ING Groep N.V. is a multinational banking and financial services corporation headquartered in Amsterdam, Netherlands. As of 2024, the company operates in over 40 countries.
| Financial Metric | 2023 Value |
|---|---|
| Total Assets | €1.116 trillion |
| Net Income | €5.73 billion |
| Total Employees | 57,381 |
| Market Capitalization | €37.8 billion |
Business Segments
- Retail Banking
- Wholesale Banking
- Digital Banking Services
Geographic Presence
| Region | Number of Countries |
|---|---|
| Europe | 28 |
| Asia Pacific | 9 |
| Americas | 3 |
Financial Performance
In 2023, ING reported a Return on Equity (ROE) of 9.8% and a Common Equity Tier 1 (CET1) ratio of 15.5%.
Digital Banking Metrics
- Mobile Banking Users: 16.3 million
- Online Banking Customers: 36.7 million
- Digital Transaction Volume: €2.4 trillion
Sustainability Metrics
| Sustainability Indicator | 2023 Value |
|---|---|
| Green Financing Commitment | €45.5 billion |
| Carbon Emissions Reduction | 22% reduction since 2015 |
How ING Groep N.V. (ING) Makes Money
Revenue Streams
ING Groep N.V. generates revenue through multiple financial services and business segments:
| Business Segment | Revenue (2023) | Percentage of Total Revenue |
|---|---|---|
| Retail Banking | €14.3 billion | 52% |
| Wholesale Banking | €10.7 billion | 39% |
| Investment Banking | €2.6 billion | 9% |
Interest Income
ING generates significant revenue from interest income across various financial products:
- Mortgage Loans: €4.2 billion
- Consumer Loans: €2.8 billion
- Commercial Lending: €5.6 billion
- Corporate Loans: €3.9 billion
Fee and Commission Income
ING earns substantial income from financial services fees:
| Fee Category | Annual Revenue |
|---|---|
| Payment Services | €1.6 billion |
| Investment Advisory | €890 million |
| Transaction Banking | €1.2 billion |
Geographic Revenue Distribution
- Netherlands: €6.5 billion
- Germany: €4.3 billion
- Belgium: €2.1 billion
- Other European Markets: €8.6 billion
- International Markets: €5.2 billion
Digital Banking Revenue
ING's digital banking platforms generate €3.4 billion in annual revenue, representing 12.5% of total banking income.
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