Tracing its roots back to 1960, ING Luxembourg was actually established in 2003 as the result of the merger of two banks which were part of the ING Group in Luxembourg: Crédit Européen SA and ING Bank (Luxembourg) SA. ING Luxembourg provides a broad range of retail, private banking and corporate banking products and services to individuals and companies residing in Luxembourg.
Becoming a client of ING Luxembourg can be done in a few steps:
Due to regulatory requirements ING Luxembourg performs KYC/AML checks when establishing business relationships with a new client. While onboarding a private individual ING Luxembourg will ask him/her to provide the following documents: passport; proof of address. For corporate clients ING Luxembourg will ask to provide corporate documentation as well as information about controlling persons. ING Luxembourg may request additional documentation or information depending on the case.
ING Luxembourg is the 9th largest bank in Luxembourg in terms of total assets. In 2019 its total assets were 17 954,29 mln EUR. In 2019 the bank's annual profit was 101,35 mln EUR. ING Luxembourg had 875 employees in 2019.
ING Luxembourg participates in the deposit guarantee scheme of Luxembourg. This deposit guarantee scheme applies to all cash deposits made by natural persons (Luxembourg and foreign), SMEs, companies and covers up to up to 100,000 EUR per bank per depositor. ING Luxembourg is a member of Fonds de garantie des dépôts Luxembourg (FGDL) and makes its contributions into it.
ING Luxembourg is a member of ING Group (Netherlands).
ING Luxembourg is headquartered in LUXEMBOURG.