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May 24, 2015 2:22 AM ET


Company Overview of ING Bank N.V.

Company Overview

ING Bank N.V. provides retail and commercial banking services in Europe, Asia, Australia, and internationally. It operates through Retail Netherlands, Retail Belgium, Retail Germany, Retail Rest of World, and Commercial Banking segments. The company offers current and savings accounts; business lending, mortgages, and other consumer lending; and cash management, corporate finance, real estate, and leasing services. ING Bank N.V. provides its products and services to individuals, small and medium-sized enterprises, multinational corporations, governments, financial institutions, and supranational organizations. The company was incorporated in 1927 and is headquartered in Amsterdam, the Nether...

Amsterdamse Poort

Bijlmerplein 888

Amsterdam,  1102 MG


Founded in 1927

55,945 Employees


31 20 563 9111

Key Executives for ING Bank N.V.

Chairman of Management Board and Group Chief Executive Officer
Age: 48
Chief Financial Officer and Member of The Management Board
Age: 54
Chief Operating Officer and Member of the Management Board
Age: 49
Member of Management Board and Chief Executive Officer of Commercial Banking
Age: 56
Chairman of The Management Board of Ing Commercial Banking In Russia and Chief Executive Officer of Ing Commercial Banking In Russia
Compensation as of Fiscal Year 2014.

ING Bank N.V. Key Developments

ING Bank Reports Unaudited Consolidated Earnings Results for the First Quarter Ended March 31, 2015

ING Bank reported unaudited consolidated earnings results for the first quarter ended March 31, 2015. Underlying net result was EUR 1,187 million, up 43.0% from the same period last year. First quarter results driven by robust growth in the lending book and a seasonally strong first quarter at Financial Markets. Net result was EUR 1,769 million or EUR 0.46 per share including Insurance results. Underlying result before tax was EUR 1,661 million, up 41.2% year-on-year and more than double the result in the previous quarter. This strong performance was achieved despite the challenging operating environment, characterized by unprecedented low interest rates and the uneven economic recovery.

ING Bank Names Aris Bogdaneris as Head of Retail Challengers & Growth Markets and Member of Management Board, Effective from 1 June 2015

ING Bank announced the appointment of Aris Bogdaneris as head of Retail Challengers & Growth Markets and to become a member of the management board as of 1 June 2015. Aris has long and wide international experience in banking, operations and IT, having served for more than 25 year at various international financial institutions in Europe and North America. He will join ING from Raiffeisen Bank International where he was a member of the Management Board responsible for the Retail Banking business as well as the Chief Operating Officer overseeing Information Technology and Operations/Shared Service Centres. Prior to this role, he worked at Budapest Bank in Hungary, a subsidiary of GE Capital, where he held various positions, including Head of Retail, Chief Operating Officer and Chairman and CEO. He joined Budapest Bank from General Electric in the US where he was a Corporate Auditor.

ING Bank Reports Earnings Results for the Fourth Quarter and Year Ended December 31, 2014

ING Bank reported earnings results for the fourth quarter and year ended December 31, 2014. The company has reported that net income for the fourth quarter ended December 31, 2014 was €1.18 billion, or €0.30 per share, compared to €626 million, or €0.16 per share, for the same quarter ended December 31, 2013. Interest income for the fourth quarter ended December 31, 2014 was €3.21 billion, compared to €2.95 billion for the same quarter ended December 31, 2013. Net income for the year ended December 31, 2014 was €1.25 billion, or €0.32 per share, compared to €3.54 billion, or €0.93 per share, for the same period ended December 31, 2013. Interest income for the year ended December 31, 2014 was €12.38 billion, compared to €11.80 billion for the same period ended December 31, 2013.

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