ING BANK NV

ING Bank is a member of ING Group, a financial company specializing in insurance and banking. ING Bank is a universal bank offering a wide range of products and services to individuals, families, small businesses, large corporations, financial institutions, governments, public and private institutions and supranational bodies. ING Bank is a market leader in "Benelux" countries (the Netherlands, Belgium and Luxembourg) where it currently has strong market positions in retail and commercial banking. ING BANK NV operates as a branch of ING Bank NV (Netherlands).

Bank Category

Branches of foreign banks

Financials

Total Assets (2017)
15 738.75 mln EUR  (-83.11%)

ING BANK NV is the 13th largest bank in Belgium in terms of total assets. In 2017 its total assets were 15 738,75 mln EUR, providing the bank with the market share of 1.40%.

ING BANK NV participates in deposit guarantee scheme of the Netherlands. This scheme covers accounts up to 100 000 EUR per bank per depositor.

Contacts

AVENUE MARNIX 24, 888, 1102MG, BRUXELLES, Belgium

ING BANK NV is located in BRUXELLES.

Bank Identifiers

BIC (SWIFT)
INGBBEBB
MFI ID
BE0828223909

Financial Positions

Total Assets (2017)
15 738.75 mln EUR  (-83.11%)

In 2017 total assets of ING BANK NV were 15 738.75 mln EUR. Decline compared to the previous period (2016) was -83.11%. The evolution of the total assets of ING BANK NV is shown at Chart 1 below.

Total Assets of ING BANK NV.

Chart 1. Total Assets of ING BANK NV.

Recent changes in total assets of ING BANK NV and its main components are shown in Table 1.

2016 2017 % change
Loans to banks 5 550.3 7 550.4 +36.04%
Loans to customers 11.9 15.0 +26.36%
Total Assets 93 164.3 15 738.7 -83.11%
Table 1. Recent changes in total assets of ING BANK NV (mln EUR).

Recent changes in total liabilities of ING BANK NV and its main components are shown in Table 2.

2016 2017 % change
Bank deposits 6 492.8 9 991.2 +53.88%
Customer deposits 209.7 227.0 +8.22%
Total Liabilities 93 164.3 15 738.7 -83.11%
Table 2. Recent changes in total liabilities of ING BANK NV (mln EUR).

Market Share and Rank (among banks in Belgium)

Total Assets (2017)
13th (market share 1.40%)

In 2017 ING BANK NV was ranked the 13th largest bank in Belgium in terms of total assets, having 1.40% of the domestic market share.

Market share of ING BANK NV (among banks in Belgium)

Chart 2. Market share of ING BANK NV (among banks in Belgium)

Several banks having the market shares and ranks closest to ING BANK NV are shown below.

RankNameTotal AssetsMarket Share
12Record Banque SA (closed)18978.49 mln EUR1.68%
13ING BANK NV15738.75 mln EUR1.40%
14DEUTSCHE BANK AG13724.78 mln EUR1.22%
 

Deposit Guarantee

Deposit Guarantee
Yes (up to 100 000 EUR per depositor)

Deposit Guarantee Schemes compensate certain deposits held by depositors of a bank that becomes unable to meet its obligations.

All branches of EEA-banks operating in Belgium participate in deposit guarantee schemes of their home countries. This means that ING BANK NV participates in the deposit guarantee scheme of the Netherlands.

In the case of ING BANK NV failure, eligible depositors having covered accounts in this bank will be paid out the following compensation:

Eligible Depositors  private individuals, small companies
Covered Accounts  nearly every payment or savings account, current account or term deposit is covered
Maximum Protected Amount  100 000 EUR
Paid In Currency  EUR

Further Information

BIC

BIC (Business Identifier Code, also known as SWIFT code or SWIFT BIC) is a the mostly used international identifier of financial institutions. SWIFT is the registration authority for BICs. BICs are used in financial transactions, client and counterparty data bases, compliance documents and many others.

A BIC consists of eight or eleven characters, comprising a financial institution code (four characters), a country code (two characters), a location code (two characters) and, optionally, a branch code (three characters).

BIC of ING BANK NV and its components are shown in the table below.

BIC  INGBBEBB
Bank BIC Code  INGB
Country Code  BE (Belgium)
Location Code  BB
Branch Code  -

MFI ID

MFI ID (Monetary Financial Institution Identifier) is a code, unique to each institution in the MFI list provided by ECB (European Central Bank). MFI ID is hence applicable to MFIs resident in the European Union.

The code is alphanumerical, with the first two digits representing the two-digit ISO code for the country of residence of the MFI and the remaining number of digits (no limit has been specified) is any combination of alphanumerical characters.

MFI ID of ING BANK NV is shown in the table below.

MFI ID  BE0828223909

European Presence: 15 banks in 15 countries

ING BANK NV operates under the brand name ING Bank. This banking brand has presence in the following European countries and selected dependent territories of the European countries:

Belgium

  • (this bank) ING BANK NV (BRUXELLES)

Bulgaria

Czech Republic

France

Hungary

Ireland

Italy

Netherlands

Poland

Portugal

Romania

Slovakia

Spain

Turkey

United Kingdom

Defunct Banks: 1 bank in 1 country

The following banks operating under ING Bank brand name has been recently closed down:

Austria