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About ING

ING Group, also known as ING Groep N.V., is the largest banking group in the Netherlands. The abbreviation "ING" stands for "Internationale Nederlanden Groep," which translates to "International Netherlands Group." Its primary operations cover the Netherlands, Belgium, Luxembourg, and Germany. Recognized as a globally systemically important bank since 2011, ING Groep was formed in 1991 through the merger of NMB Postbank Groep and Nationale-Nederlanden insurance company. Succeeding in both wholesale and retail banking services. Expanding internationally, the group acquired entities in banking, insurance, and asset management sectors in countries like Belgium, the United States, Canada, Germany, Poland, and others. Notably, in 1995, ING made a significant acquisition of assets from the bankrupt Barings Bank. As of 2020, ING Groep served a considerable customer base of 39.4 million individuals. Offering both wholesale and retail banking services, ING serves key markets in Austria, Czech Republic, Italy, Spain, France, Australia, Poland, Romania, Turkey, and the Philippines. Additionally, its network of subsidiaries spans Europe, Asia, North America, and South America, allowing the provision of wholesale banking services in these regions.