About ING
ING Profile
 ING Group is a global financial services company of Dutch origin with 150 years of experience, providing a wide array of banking, insurance and asset management services in over 50 countries. Our 120,000 employees work daily to satisfy a broad customer base: individuals, families, small businesses, large corporations, institutions and governments. Based on market capitalisation, ING is one of the 20 largest financial institutions worldwide and ranked in the top-10 in Europe.
ING’s business Lines
ING has a structure of six business lines. A clear client focus and strong business logic are the key elements in this structure.
- Insurance Europe
Operates the insurance activities in the Netherlands, Belgium, Spain, Greece and Central Europe and asset-management activities in Europe. In these countries we offer life insurance with special attention for pensions. In the Netherlands and Belgium we also offer non-life insurance.
- Insurance Americas
Holds insurance operations and asset-management activities in the Americas. It is well established in the US with retirement services, annuities and life insurances and has leading positions in non-life insurance in Canada and Mexico. Furthermore, we are active in Chile, Brazil and Peru.
- Insurance Asia/Pacific
Holds the life insurance operations and asset/wealth management activities in Asia/Pacific. It has well established positions in Australia, Hong Kong, Japan, Korea, Malaysia and Taiwan. The activities in China, India, and Thailand are future growth engines for ING. For more information, please visit the web site www.ingasiapacific.com.
- Wholesale Banking
Takes care of the global wholesale-banking operations. It has five divisions: Clients, Network, Products, Corporate Finance and Equity Markets, and Financial Markets. Wholesale banking offers a full range of products to corporates and institutions in the home markets in the Benelux countries and elsewhere it operates a more selective and focused client and product approach. For more information, please visit the web site www.ingwholesalebanking.com.
- Retail Banking
Holds retail banking activities in the Netherlands, Belgium, Poland, Romania and India. Retail Banking also offers private banking in selected markets; for instance in the Netherlands, Belgium, Switzerland, Luxembourg and several countries in Asia.
- ING Direct
Operates direct retail-banking activities for individual clients in Australia, Canada, France, Germany, Austria, Italy, Spain, United Kingdom and the United States. Main products offered are savings and mortgages. A separate activity is ING Card, which manages a credit-card portfolio within the Benelux.
Profit contribution business lines (full year 2006) |
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About Market, Credit and Insurance Risk
Corporate Market Risk Management
Corporate Market Risk Management aims to reduce our market risk to acceptable levels in relation to our corporate earnings and the capital invested by analysing and monitoring all of ING Bank’s market risks worldwide. CMRM comprises four units: Banking Risk Analysis, Trading Risk Analysis, Policies & Research and IT Support.
Corporate Insurance Risk Management
Corporate Insurance Risk Management assesses the risks that could impact on the expected results of our life and other insurance activities. Think of actuarial risks, investment risks related to life insurance, the impact of demographic changes and claims for damage.
Corporate Credit Risk Management
Corporate Credit Risk Management is responsible for managing all risks related to the loans ING makes. CCRM spans both commerce and the law, and uses a portfolio of management tools and methodologies to reduce risks.
Model Validation
Model Validation involves testing our risk models and methodologies for their ability to make accurate forecasts, and demonstrating to shareholders and regulatory bodies that ING’s risks are both sustainable and properly managed.
Read more about the ING Strategy and Principles |
