ING Group

Dutch multinational banking and financial services corporation

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January 28 2025 ING reached an agreement to sell its Russian operations to Global Development JSC, reducing its exposure to 1 billion euros, with the deal expected to close in 2025 and result in a 700-million-euro loss.
2022 ING liquidated its operations in Mauritius (ING Mauritius Investment I).
2022 ING closed its operations in Malaysia (Branch of ING Bank N.V.).
2022 ING liquidated its operations in Indonesia (PT ING Securities Indonesia).
2022 ING liquidated its operations in Macau (Payvision Macau Ltd.).
2022 ING began progressively scaling down its Russian business operations.
2022 ING closed its operations in Brazil (Branch of ING Bank N.V.).
2022 ING closed its direct banking business in France, selling its retail customer portfolio to Boursorama, a subsidiary of Société Générale, after years of unprofitability.
April 2022 The sale of NN Investment Partners to Goldman Sachs was completed.
2021 ING Belgium reported a significant annual profit of €948 million.
2021 ING dissolved its operations in Colombia (ING Capital Colombia).
August 19 2021 Goldman Sachs announced its acquisition of NN Investment Partners for approximately €1.6 billion.
2020 ING reaches 53.2 million clients across more than 40 countries worldwide.
November 2020 Melanie Evans became CEO, the first female and Australian to lead the Australian subsidiary of ING.
September 2020 FinCEN Files revealed that ING's Polish branch was involved in facilitating large-scale money laundering operations for Russian and Ukrainian clients, helping to move significant funds out of Russia.
2019 Completed the rebranding of ING Direct branches to 'ING' across its international direct banking operations in Australia, Italy, Spain, Germany, and Austria.
2019 ING launched its mobile banking system in the Philippines, operating exclusively through a mobile app. The bank introduced innovative features like check deposits via image capture and offered one of the highest interest rates during its initial months of operation.
January 2019 The bank changed its name from ING Direct to ING, rebranding its identity in the French market.
November 2018 The bank changed its brand name from ING-DiBa to ING.
September 2018 ING Group agreed to pay €775 million to settle a money laundering investigation, resolving legal issues related to financial misconduct.
March 2018 ING introduced a new ATM fee waiver policy for Orange Everyday account holders, requiring a minimum monthly deposit of $1,000 and 5 or more card purchases to qualify for free ATM usage in Australia and overseas.
March 2018 ING and Credit Suisse completed the first live securities lending transaction worth €25 million using a Corda-based application from HQLAx. ING also invested in blockchain projects including Komgo, aimed at automating transactions using Ethereum.
February 2018 ING bought fintech company Payvision, founded by Rudolf Booker, for 350 million.
2017 ING began renaming its Direct banking branches to simply 'ING' across multiple countries, starting a rebranding process that would continue through 2019.
August 2017 Bank changed its brand name from ING DIRECT to simply ING.
March 2017 Melanie Evans joined ING.
2016 ING-DiBa reported total assets of €158 billion and had approximately 3,900 employees.
June 2016 Uday Sareen replaced Vaughn Richtor as CEO after Richtor announced his retirement from business.
April 2016 ING sold the last shares in NN Group, returning to being exclusively a bank.
January 2016 ING Groep NV's banking unit invested in WeLab, a leading Chinese fintech player, contributing to the second largest Series B fundraising in fintech globally.
2015 ING Direct France started providing home loans, further diversifying its financial product offerings.
July 1 2015 NN Investment Partners IPO was priced, marking the official flotation of ING's investment management division.
2014 Completed the 'Zero Touch' IT infrastructure upgrade, moving entire operations to a private cloud, claimed to be the first for any bank in Australia.
2014 ING Bank is designated as a Significant Institution under European Banking Supervision and becomes directly supervised by the European Central Bank.
2014 ING House ceased to be the head office of NN Group, with the corporate location shifting to a new site.
2014 The spun-off insurance businesses in North America were renamed Voya Financial.
November 7 2014 ING paid the final tranche of €1.025 billion, completing the state aid repayment half a year ahead of the agreed schedule with the European Commission.
June 2014 ING announced the IPO of its investment management arm as part of a corporate restructuring, with plans to consolidate the business in NN Group.
April 8 2014 ING Direct Canada was rebranded as Tangerine, marking the end of the ING Direct brand in Canada.
2013 ING U.S. was spun off in an initial public offering (IPO), with ING Group no longer being the controlling shareholder and retaining only 47% of shares. The subsidiary was planned to be rebranded as Voya Financial.
2013 ING announced its intent to sell its 30% stake in TMB Bank in Thailand.
2013 ING further reduced its stake in SulAmérica Seguros by 7.2%, continuing its divestment strategy in the Latin American market.
November 2013 Scotiabank announced plans to rebrand ING Direct Canada.
January 2013 ING sold its 26% stake in India's Vysya Life Insurance to joint partner Exide Industries.
2012 ING Bank becomes a member of the list of global systemically important banks.
2012 ING Group separated into ING Bank and ING Insurance, with the Amsterdamse Poort building becoming the head office of ING Bank and ING Group.
November 2012 ING began rebranding its U.S. operations as Capital One 360, a process completed by February 2013.
November 15 2012 The sale of ING Direct Canada to Scotiabank was completed.
October 2012 ING sold its Malaysian insurance business to American International Assurance for a total of €1.3 billion.

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