ING Groep N.V.

ING Groep N.V. is a Dutch multinational banking and financial services company headquartered in Amsterdam. It provides a wide range of banking products and services to individuals, corporate clients, and financial institutions. The company operates through five segments: Retail Netherlands, Retail Belgium, Retail Germany, Retail Other, and Wholesale Banking. Its offerings include current and savings accounts, time deposits, business lending, SME loans, residential mortgages, consumer loans, working capital solutions, debt and equity market solutions, payments and cash management, trade and corporate finance, treasury services, and digital banking. ING also offers savings, investment, and insurance services. Founded in 1762, the company serves customers in the Netherlands, Belgium, Germany, other parts of Europe, and globally.

ING Groep N.V. is listed on the New York Stock Exchange (NYSE) under the ticker symbol ING. Its shares trade in US Dollars (USD). The company is also listed on other exchanges, but its primary listing for US investors is on the NYSE, making it accessible to international investors who trade in USD. The choice of the NYSE and USD trading reflects the company's global reach and its desire to attract a broad investor base, particularly in the United States.

ING Groep N.V. operates in the Financial Services sector, specifically within the Banks - Diversified industry. This classification indicates that ING is a large, diversified banking institution that offers a broad array of financial services beyond traditional retail banking. As a diversified bank, it engages in retail banking, wholesale banking, and other financial activities across multiple geographies. The 'Diversified' label distinguishes it from more specialized banks, highlighting its comprehensive product portfolio that includes lending, deposits, investment banking, and treasury services.

ING Groep N.V. is headquartered in Amsterdam, the Netherlands. The company serves customers primarily in the Netherlands, Belgium, Germany, other parts of Europe, and globally. Its operations are organized into segments that focus on specific regions: Retail Netherlands, Retail Belgium, Retail Germany, and Retail Other (covering other European and global retail markets). The Wholesale Banking segment serves corporate and institutional clients worldwide. This geographic structure allows ING to tailor its products and services to local market needs while leveraging its global scale.

ING Groep generates revenue primarily through net interest income from its lending and deposit activities, as well as fees and commissions from a variety of financial services. The company earns interest on loans such as residential mortgages, consumer loans, SME loans, and business lending, while paying interest on deposits. Additionally, it earns fees from payment services, cash management, trade finance, corporate finance, and treasury services. ING also generates income from its investment and insurance products, as well as from debt and equity market solutions. The Wholesale Banking segment contributes through corporate lending, advisory, and capital markets activities. Overall, ING's diversified business model across retail and wholesale banking in multiple geographies provides multiple revenue streams.