May 30, 2017 10:26 AM ET

Banks

Company Overview of ING Belgium SA/NV

Company Overview

ING Belgium SA/NV provides banking, insurance, and asset management services. The company’s products include savings accounts, term accounts, pension savings, savings plans for young people, and other savings plans, as well as current accounts. It also offers loan products comprising loans for vehicles, such as cars and motorbikes; property loans comprising home, renovation, and bridging loans; loans on cash reserves; personal loans for miscellaneous expenses; and working capital and liquidity, commercial vehicles and equipment, recurring business expenses, and commercial real estate loan products, as well as bank guarantees. In addition, the company provides vehicle, home, travel, life and ...

Avenue Marnix 24

Brussels,  1000

Belgium

Founded in 1935

9,843 Employees

Phone:

32 2 547 21 11

Fax:

32 2 547 38 44

Key Executives for ING Belgium SA/NV

Chief Executive Officer, Managing Director and Director
Age: 48
Chief Financial Officer, Managing Director and Director
Age: 51
Honorary Chief Executive Officer
Honorary Managing Partner of Banque Lambert
Head of Product Management & Client Services, Managing Director and Director
Age: 47
Compensation as of Fiscal Year 2016.

ING Belgium SA/NV Key Developments

ING Reaches Agreement with Trade Unions in Belgium

ING in Belgium and its trade union partners have reached an agreement on a Social Plan. Various collective agreements relating to the transformation plan (announced on 3 October 2016), have now been signed. It can now prepare to take the next step in the transformation planned from 2017 to 2021. The agreements include a lower number of compulsory lay-offs and a plan for flexible working conditions. Next to that they also set out details of a fair redeployment plan to support employees whose jobs are impacted. The agreements do not materially deviate from the intended plans in terms of total jobs affected and financial impact as announced in October 2016.

ING België Announces the Resignation of Rik Vandenberghe as CEO and Member of the Board of Directors, Effective from Feb. 28, 2017

ING België CEO Rik Vandenberghe resigned from his position and as a member of the board of directors, with effect from Feb. 28, 2017. Vandenberghe became CEO of the ING Groep NV unit in May 2013. Vandenberghe is leaving to become CEO of Besix Group. His departure comes as ING Belgium is in fraught negotiations with workers' unions over a plan to cut thousands of jobs.

ING Belgium Appoints Pinar Abay as Non-Executive Director

ING Belgium has announced the appointment of Pinar Abay to the board of directors as a non-executive director. Pinar Abay has close to 20 years of executive experience in the financial sector, both inside and outside ING. She began her career in 1998 at McKinsey & Company in Istanbul as a banking sector consultant and then worked at the company's San Francisco and New York offices. Pinar Abay was Managing Partner at McKinsey & Company before joining ING Bank Turkey as CEO in October 2011, where she still works.

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Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
October 3, 2016
Qustomer sprl
 

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