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 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 A1 (upper medium 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.
ING Bank NV is headquartered in Amsterdam.
ING Group (Netherlands) | 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 (9.20 - 9.20 %) |
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.
Last updated 22 August 2017
NetherlandsNetherlands: 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.
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.
Last updated 22 August 2017
NetherlandsNetherlandsNetherlandsNetherlandsNetherlandsNetherlandsNetherlandsNetherlands: 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.
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.
Last updated 22 August 2017
NetherlandsNetherlandsNetherlandsNetherlandsNetherlandsNetherlandsNetherlandsNetherlandsNetherlandsNetherlands: 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.
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.
Last updated 22 August 2017
NetherlandsNetherlandsNetherlandsNetherlandsNetherlandsNetherlandsNetherlandsNetherlandsNetherlands: 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.
| 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.
Chart 1. Total Assets of ING Bank NV.
| 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.
Chart 2. Net Income of ING Bank NV.
| Fitch | Moody's |
|---|---|
| A+ (high credit quality) | A1 (upper medium 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 April 2016 are shown in details in the following sections.
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).
Long-term rating for ING Bank NV it is set to A1 (upper medium grade). Long-term bank deposit rating is A1 (upper medium grade). Bank financial strength rating is baa1. Short-term rating is not assigned.
| Long-Term Rating | A1 |
| Long-Term Bank Deposit Rating | A1 |
| Bank Financial Strength Rating | baa1 |
| Short-Term Rating | - |
| Outlook | stable |
Outlook for the ratings of ING Bank NV is set to stable (not likely to change).
| 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 |
Any bank can be identified for different purposes and hence can have several different identifiers.
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 (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 |
This bank operates in the following European countries and selected dependent territories of the European countries:
(this bank) ING Bank NV (Amsterdam)
