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).
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.
ING BANK NV is located in BRUXELLES.
|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.
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.
|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.
|Bank deposits||6 492.8||9 991.2||+53.88%|
|Total Liabilities||93 164.3||15 738.7||-83.11%|
|Table 2. Recent changes in total liabilities of ING BANK NV (mln EUR).|
|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|
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.
|Bank BIC Code||INGB|
|Country Code||BE (Belgium)|
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.
The following banks operating under ING Bank brand name has been recently closed down: