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.

Services

Retail Banking
Private Banking
Commercial Banking
Insurance

Products

Financials

Total Assets (2016)
843.92 bln EUR  (+0.64%)
Net Income (2016)
4 227.00 mln EUR  (-10.65%)

ING Bank NV is the 1st largest bank in the Netherlands in terms of total assets. In 2016 its total assets were 843,92 bln EUR. In 2016 the bank's net income was 4 227,00 mln EUR.

ING Bank NV is rated by Fitch, Moody's. Long-term credit rating assigned to the bank by Fitch is A+ (high credit quality). Long-term credit rating assigned to the bank by Moody's is Aa3 (high grade).

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

BYLMERPLN, 1000 BV, Amsterdam, Netherlands
1800
20 563 9111

ING Bank NV is headquartered in Amsterdam.

Bank Identifiers

BIC (SWIFT)
INGBNL2A
MFI ID
NL163

Business Summary

Services
retail banking
private banking
commercial banking
insurance
Products
current accounts
debit cards
credit cards
savings accounts
time deposit accounts
investment funds
retirement plans
consumer loans (7.90 - 7.90 %)
car loans
revolving credit
overdrafts
mortgage loans (3.70 - 5.90 %)
car loans (7.90 - 7.90 %)

ING Bank NV provides products and services in the areas of retail banking, private banking, commercial banking, insurance. The range of products offered by ING Bank NV includes current accounts, debit cards, credit cards, savings accounts, time deposit accounts, investment funds, retirement plans, consumer loans (7.90 - 7.90 %), car loans, revolving credit, overdrafts, mortgage loans (3.70 - 5.90 %), car loans (7.90 - 7.90 %).

Products

Current Accounts

Current accounts are non-interest bearing deposit accounts that are used to perform day-to-day banking transactions. Current accounts are often offered with a payment card (a debit card and/or a credit card) and may also include overdraft possibility. Annual costs of having a current account (also known as account management fees) can depend on monthly income input to the account or amount of money deposited into the account.

Current accounts made with ING Bank NV are covered by deposit guarantee scheme of the Netherlands up to 100 000 EUR per depositor. The following current accounts are offered by ING Bank NV.

Updated on 19 October 2018

Betaalrekening
Sales Region
Netherlands
Account Currency
EUR
Annual Costs (EUR)
36.00
Overdraft Rate (p.a.)
15.00 %
Current Account Details
Product Name
Betaalrekening
Account Currency
EUR
Annual Costs
36.00 EUR
Interest Rate (p.a.)
0.00 %
Overdraft Rate (p.a.)
15.00 %
Debit Card
Debit Card Costs (p.a.)
0.00 EUR
Credit Card
Credit Card Costs (p.a.)
17.40 EUR
Online Banking
Telephone Banking
Branch Banking
Mobile Banking
Indexed TAN (iTAN)
pushTAN
photoTAN
Mobile TAN (mTAN)
chipTAN

Netherlands: This product is offered to the Netherlands' residents only. When clicking on the product link you will be redirected to the product page in Dutch.

See Also

Consumer Loans

Consumer loans are secured or unsecured (i.e., backed or non-backed by a collateral) loans provided to retail customers for personal, family, or household purposes or for purchase of goods and services. In terms of repayment, consumer loans can be revolving (when a credit limit can be spent, repaid and spent again) or installment (such a loan is repaid in equal installments until the loan is paid off at the end of its term). Consumer loans offered by ING Bank NV are shown in the table below.

Updated on 19 October 2018

Persoonlijke lening
Sales Region
Netherlands
Loan Currency
EUR
Effective Rate (p.a.)
7.90 %
Loan Amount (EUR)
10000 - 14999
Loan Term (months)
24
Persoonlijke lening
Sales Region
Netherlands
Loan Currency
EUR
Effective Rate (p.a.)
7.90 %
Loan Amount (EUR)
10000 - 14999
Loan Term (months)
36
Persoonlijke lening
Sales Region
Netherlands
Loan Currency
EUR
Effective Rate (p.a.)
7.90 %
Loan Amount (EUR)
10000 - 14999
Loan Term (months)
48
Persoonlijke lening
Sales Region
Netherlands
Loan Currency
EUR
Effective Rate (p.a.)
7.90 %
Loan Amount (EUR)
10000 - 14999
Loan Term (months)
60
Persoonlijke lening
Sales Region
Netherlands
Loan Currency
EUR
Effective Rate (p.a.)
7.90 %
Loan Amount (EUR)
10000 - 14999
Loan Term (months)
72
Persoonlijke lening
Sales Region
Netherlands
Loan Currency
EUR
Effective Rate (p.a.)
7.90 %
Loan Amount (EUR)
10000 - 14999
Loan Term (months)
84
Persoonlijke lening
Sales Region
Netherlands
Loan Currency
EUR
Effective Rate (p.a.)
7.90 %
Loan Amount (EUR)
10000 - 14999
Loan Term (months)
96

Netherlands: This product is offered to the Netherlands' residents only. When clicking on the product link you will be redirected to the product page in Dutch.

See Also

Car Loans

Car loans are secured or unsecured (i.e., backed or non-backed by a collateral) installment loans provided to retail customers for the purpose of buying a new or used car. Used cars purchased privately are often financed through unsecured loans, while new cars are financed via secured loans with the car used as the loan collateral. Car loans offered by ING Bank NV are shown in the table below.

Updated on 19 October 2018

Persoonlijke lening
Sales Region
Netherlands
Loan Currency
EUR
Effective Rate (p.a.)
7.90 %
Loan Amount (EUR)
10000 - 14999
Loan Term (months)
24
Persoonlijke lening
Sales Region
Netherlands
Loan Currency
EUR
Effective Rate (p.a.)
7.90 %
Loan Amount (EUR)
10000 - 14999
Loan Term (months)
36
Persoonlijke lening
Sales Region
Netherlands
Loan Currency
EUR
Effective Rate (p.a.)
7.90 %
Loan Amount (EUR)
10000 - 14999
Loan Term (months)
48
Persoonlijke lening
Sales Region
Netherlands
Loan Currency
EUR
Effective Rate (p.a.)
7.90 %
Loan Amount (EUR)
10000 - 14999
Loan Term (months)
60
Persoonlijke lening
Sales Region
Netherlands
Loan Currency
EUR
Effective Rate (p.a.)
7.90 %
Loan Amount (EUR)
10000 - 14999
Loan Term (months)
72
Persoonlijke lening
Sales Region
Netherlands
Loan Currency
EUR
Effective Rate (p.a.)
7.90 %
Loan Amount (EUR)
10000 - 14999
Loan Term (months)
84
Persoonlijke lening
Sales Region
Netherlands
Loan Currency
EUR
Effective Rate (p.a.)
7.90 %
Loan Amount (EUR)
10000 - 14999
Loan Term (months)
96

Netherlands: This product is offered to the Netherlands' residents only. When clicking on the product link you will be redirected to the product page in Dutch.

See Also

Mortgage Loans

Mortgage loans are secured loans used for real estate financing purposes (for example, purchase of a new or existing property, construction of an own property, property renovation) without paying the entire value up front. A mortgage loan is secured by the collateral of specified real estate property and is repaid in installments. Mortgage loans offered by ING Bank NV are shown in the table below.

Updated on 19 October 2018

ING Hypotheek
Sales Region
Netherlands
Loan Currency
EUR
Borrowing Rate (p.a.)
3.70 %
Lending Amount (%)
60 %
Loan Term (years)
5 years
ING Hypotheek
Sales Region
Netherlands
Loan Currency
EUR
Borrowing Rate (p.a.)
3.70 %
Lending Amount (%)
80 %
Loan Term (years)
5 years
ING Hypotheek
Sales Region
Netherlands
Loan Currency
EUR
Borrowing Rate (p.a.)
4.50 %
Lending Amount (%)
60 %
Loan Term (years)
10 years
ING Hypotheek
Sales Region
Netherlands
Loan Currency
EUR
Borrowing Rate (p.a.)
4.80 %
Lending Amount (%)
80 %
Loan Term (years)
10 years
ING Hypotheek
Sales Region
Netherlands
Loan Currency
EUR
Borrowing Rate (p.a.)
5.35 %
Lending Amount (%)
60 %
Loan Term (years)
15 years
ING Hypotheek
Sales Region
Netherlands
Loan Currency
EUR
Borrowing Rate (p.a.)
5.65 %
Lending Amount (%)
80 %
Loan Term (years)
15 years
ING Hypotheek
Sales Region
Netherlands
Loan Currency
EUR
Borrowing Rate (p.a.)
5.60 %
Lending Amount (%)
60 %
Loan Term (years)
20 years
ING Hypotheek
Sales Region
Netherlands
Loan Currency
EUR
Borrowing Rate (p.a.)
5.90 %
Lending Amount (%)
80 %
Loan Term (years)
20 years

Netherlands: This product is offered to the Netherlands' residents only. When clicking on the product link you will be redirected to the product page in Dutch.

See Also

Financial Positions

Total Assets (2016)
843.92 bln EUR  (+0.64%)
Total Equity (2016)
44 146.00 mln EUR  (+6.39%)

In 2016 total assets of ING Bank NV were 843.92 bln EUR. Growth compared to the previous period (2015) was 0.64%. 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.

Profit and Loss

Net Income (2016)
4 227.00 mln EUR  (-10.65%)

Recent changes in gross profit of ING Bank NV and its main components are shown in Table 1.

2015 2016 % change
Interest Income 46 397.0 44 221.0 -4.69%
Interest Charges -33 653.0 -30 904.0 -8.17%
Net Interest Income 12 744.0 13 317.0 +4.50%
Commission Income 3 420.0 3 581.0 +4.71%
Commission Charges -1 100.0 -1 148.0 +4.36%
Net Commission Income 2 320.0 2 433.0 +4.87%
Net Income from Trading Operations 1 159.0 1 093.0 -5.69%
Table 1. Recent changes in gross profit of ING Bank NV (mln EUR).

In 2016 net income of ING Bank NV was 4 227.00 mln EUR. Decline compared to the previous period (2015) was -10.65%. The evolution of the net income of ING Bank NV is shown at Chart 2 below.

Net Income of ING Bank NV.

Chart 2. Net Income of ING Bank NV.

Market Share and Rank (among banks in the Netherlands)

Total Assets (2016)
1st

In 2016 ING Bank NV was ranked the 1st largest bank in the Netherlands in terms of total assets.

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

RankNameTotal Assets
1 ING Bank NV843919.00 mln EUR
2 Coöperatieve Rabobank U.A.672484.00 mln EUR
3 ABN AMRO Bank NV394482.00 mln EUR
 

Credit Ratings (as of May 2018)

Fitch Moody's
A+ (high credit quality) Aa3 (high grade)

Credit Rating is an opinion of a credit rating agency about credit worthiness of a company or a government. ING Bank NV is rated by Fitch and Moody's.

Credit ratings assigned to ING Bank NV as of May 2018 are shown in details in the following sections.

Fitch

Long-term issuer default rating is Fitch's view of a credit institution's relative vulnerability to default on its financial obligations, for ING Bank NV it is set to A+ (high credit quality), outlook is stable (not likely to change). The rating is not on watch. Short-term issuer default rating for ING Bank NV is set to F1 (highest short-term credit quality).

Long-Term Issuer Default Rating  A+
    Outlook  stable
    On Watch  No
Short-Term Issuer Default Rating  F1
Viability Rating  a+
Support Rating  5
Support Rating Floor  NF

Viability rating for ING Bank NV is set to a+ (high fundamental credit quality); support rating is 5 (there is a possibility of external support, but it cannot be relied upon); support rating floor is NF (no floor; no reasonable presumption of potential support being forthcoming).

Moody's

Long-term rating for ING Bank NV it is set to Aa3 (high grade). Long-term bank deposit rating is Aa3 (high grade). Baseline credit assessment is baa1. Short-term rating is not assigned.

Long-Term Rating  Aa3
Long-Term Bank Deposit Rating  Aa3
Baseline Credit Assessment  baa1
Short-Term Rating  -
Outlook  stable

Outlook for the ratings of ING Bank NV is set to stable (not likely to change).

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 credit institutions operating in the Netherlands are obliged to participate in the Netherlands' deposit guarantee scheme.

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  INGBNL2A
Bank BIC Code  INGB
Country Code  NL (Netherlands)
Location Code  2A
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  NL163

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

Bulgaria

Czech Republic

France

Hungary

Ireland

Italy

Netherlands

  •  (this bank) ING Bank NV (Amsterdam)

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