ING Group
Overview
Financial institution
In financial economics, a financial institution is an institution that provides financial services for its clients or members. Probably the most important financial service provided by financial institutions is acting as financial intermediaries...
offering retail banking
Retail banking
Retail banking is banking in which banking institutions execute transactions directly with consumers, rather than corporations or other banks. Services offered include: savings and transactional accounts, mortgages, personal loans, debit cards, credit cards, and so forth.-Types of...
, direct banking, commercial bank
Commercial bank
After the implementation of the Glass–Steagall Act, the U.S. Congress required that banks engage only in banking activities, whereas investment banks were limited to capital market activities. As the two no longer have to be under separate ownership under U.S...
ing, investment banking
Investment banking
An investment bank is a financial institution that assists individuals, corporations and governments in raising capital by underwriting and/or acting as the client's agent in the issuance of securities...
, asset management, and insurance
Insurance
In law and economics, insurance is a form of risk management primarily used to hedge against the risk of a contingent, uncertain loss. Insurance is defined as the equitable transfer of the risk of a loss, from one entity to another, in exchange for payment. An insurer is a company selling the...
services. ING is the Dutch member of the Inter-Alpha Group of Banks
Inter-Alpha Group of Banks
The Inter-Alpha Group of Banks was created in 1971 by six European Community banks in order to provide a platform for the regular exchange of ideas and to explore areas for cooperation between its member banks...
, a cooperative consortium of 11 prominent European banks. ING is an abbreviation for (English: International Netherlands Group).
The Orange Lion on ING's logo is a play on the Group's Dutch origins
Principality of Orange
The Principality of Orange was a feudal state in Provence, in the south of modern-day France, on the left bank of the River Rhone north of the city of Avignon....
under the House of Orange-Nassau
House of Orange-Nassau
The House of Orange-Nassau , a branch of the European House of Nassau, has played a central role in the political life of the Netherlands — and at times in Europe — since William I of Orange organized the Dutch revolt against Spanish rule, which after the Eighty Years' War...
. Like other prominent Anglo-Dutch banking conglomerates (e.g.
