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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