Last $13.42 USD
Change Today +0.03 / 0.22%
Volume 563.1K
ING On Other Exchanges
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As of 8:04 PM 12/26/14 All times are local (Market data is delayed by at least 15 minutes).
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Company Description

Contact Info

Amsterdamse Poort

Bijlmerplein 888

Amsterdam, 1102 MG

Netherlands

Phone: 31 20 563 9111

Fax:

ING Groep N.V., a financial institution, provides banking, investments, life insurance, and retirement services. The company is a subsidiary of Stichting ING Aandelen. Business Lines RETAIL BANKING Retail Banking provides banking services to individuals and small and medium-sized enterprises (SMEs) in Europe, Asia and Australia. Retail Banking operates in the Netherlands, Belgium, Luxembourg, Germany, Australia and Poland. It also operates in its other markets – Spain, France, Austria, Italy, Romania, Turkey and India. It has equity positions in TMB Bank (Thailand) and Bank of Beijing (China). Retail Netherlands Retail Netherlands serves approximately 8 million retail and private banking customers and approximately 700,000 SME and mid-corporate customers. Retail Belgium ING Belgium provides its 2,400,000 (year-end 2013) private and business customers with a range of banking products and services. Retail Belgium includes Record Bank, the retail savings institution in the country. Record Bank serves retail, professional and small business customers. Retail Germany Retail Germany consists of ING-DiBa Germany, ING-DiBa Austria, and Interhyp. In Germany, ING-DiBa Austria had 521,000 customers in 2013. Retail Rest of World Retail Rest of World comprises ING Australia, ING France, ING Italy, ING Romania, ING Bank Slaski (Poland), ING Spain, ING Turkey and ING Vysya Bank (India), as well as TMB Bank (Thailand) and Bank of Beijing (China) in which ING has equity positions. ING Direct UK was sold in March 2013 but Retail Rest of World still includes a UK legacy portfolio which is in run-off. In India, Poland, Romania and Turkey, the company offers products and services to all customer segments, whereas in Australia, Italy, France and Spain it focuses on retail customers. COMMERCIAL BANKING Commercial Banking is a European bank with a franchise in the Benelux and a good position in the rest of Europe, in particular in Central and Eastern Europe. The company serves a range of organizations, including multinational corporations, governments, financial institutions and supranational organizations, through an extensive network of offices in approximately 40 countries. The company provides a range of products and services to support its clients’ needs. The company’s lending capabilities anchor most of its client relationships. Transaction Services products, such as International Payments & Cash Management, Trade Banking and Working Capital Solutions are tailored, through integrated solutions and advice, to meet its clients’ short- and long-term banking and liquidity requirements. General Lending and Transaction Services The company offers Transaction Services through integrated advice and solution selling. These activities require an emphasis on technology and operational processing. Included within Transaction Services is Bank Mendes Gans (BMG), Trade Finance Services (TFS) and Working Capital Solutions (WCS). BMG is a provider of specialist liquidity management solutions, including global cash-pooling and netting, to multi-national corporations. TFS finances, settles and mitigates risks of international trade for clients in all markets globally, but primarily in Asia, Central and Eastern Europe, Latin America, Africa and the Middle East. For corporate clients, the company’s WCS team has established the company as a recognized provider of receivables and payables solutions. Industry Lending The company has three structured commercial lending services groups. The Energy, Transport and Infrastructure Group specializes in capital-intensive industry sectors, such as oil and gas, mining, offshore services, shipping, utilities and power, and infrastructure. International Trade and Export Finance supports international trade in basic commodities, such as oil, oil products, metals, grain, sugar and cotton. The company also finances the export of capital goods and offers services to clients with long-term financing supported by export credit agencies. Real Estate Finance’s primary activity is lending to investors in income-producing real estate backed by first mortgages. Financial Markets

 

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ING:US $13.42 USD +0.03

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Industry Analysis

ING

Industry Average

Valuation ING Industry Range
Price/Earnings 20.0x
Price/Sales 1.6x
Price/Book 0.9x
Price/Cash Flow 55.6x
TEV/Sales NM Not Meaningful
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