ING Groep NV
ING Groep NV provides banking, investments, life and non-life insurance, and retirement and asset management services to individuals, families, small businesses, large corporations, institutions, and governments. The company operates in the following business segments: Retail Netherlands, Retail Belgium, Retail CE (Central Europe), Retail Asia, ING Direct, Commercial Banking, ING Real Estate, Insurance Benelux (Belgium, Netherlands, and Luxembourg), Insurance CRE (Central and Rest of Europe), Insurance U.S. (United States), Insurance U.S. Closed Block VA, Insurance Latin America, Insurance Asia/Pacific, ING IM (Investment Management), Corporate Line Banking, and Corporate Line Insurance. The Retail Banking segment focuses on retail banking services to individuals, small and medium sized businesse; and on private banking. The Retail Netherlands segment provides commercial, retail, and private banking activities, life and non-life insurance products, and the sale of mortgages through intermediaries in the Netherlands. The Retail Belgium segment provides banking, life and non-life insurance, and asset management products and services to meet the needs of individuals, families, companies, and institutions through a network of local head offices, branch, and direct banking channels in Belgium. The Retail CE segment operates full-service banks in Poland, Romania, and Turkey. The Retail Asia segment offers retail banking activities in India, China, and Thailand. The ING Direct segment is a direct banking business that offers savings accounts and mortgages. The Commercial Banking segment offers core banking services such as lending, payments, and cash management to corporate clients, excluding the real estate sector. The ING Real Estate segment has an exposure to real estate activities. The Insurance Benelux segment offers life insurance, non-life insurance, and retirement services in the Benelux. The Insurance CRE segment offers life insurance, non-life insurance, and retirement services in the central and rest of Europe. The Insurance U.S. segment offers life insurance, retirement services, fixed annuities, mutual funds, broker-dealer services, and institutional financial products in the United States of America. The Insurance U.S. Closed Block VA segment consists of variable annuities issued in the U.S.A., owned primarily by individuals, designed to address the demand for tax-advantaged savings, retirement planning, and wealth-protection. The Insurance Latin America segment focuses on pension and life insurance in Mexico, Chile, Colombia, Peru, Brazil, and Uruguay. The Insurance Asia/Pacific segment provides life insurance products and services in China, Hong Kong, India, Japan, Malaysia, South Korea, and Thailand. The ING IM segment provides retail and institutional clients with access to domestic, regional, and global investment solutions, and is the principal investment manager of the ING Group. The Corporate Line Banking segment reflects capital management activities not allocated to the banking businesses. The Corporate Line Insurance segment includes items related to capital management, run-off portfolios and ING Re. The company was founded on January 21, 1991 and is headquartered in Amsterdam, Netherlands.