1845 CE
De Nederlanden van 1845 founded
De Nederlanden van 1845, a life insurance company, is founded in The Hague. It later merges with Nationale Levensverzekeringsbank to form Nationale-Nederlanden. #insurance #history
Chronological Storyline (37 Milestones)
May 14, 1863 CE
Nationale Levensverzekeringsbank founded
The Nationale Levensverzekeringsbank (National Life Insurance Bank) is established in Rotterdam, Netherlands, laying the foundation for one of ING's predecessor companies. #insurance #history
By NN Group N.V. - https://www.nn-group.com/nn-group/file?uuid=ffa7b02d-2458-4614-a5d2-d2815875d40a&owner=84c25534-c28a-4a64-9c78-5cc1388e4766&contentid=11220, Public domain, https://commons.wikimedia.org/w/index.php?curid=94670613
1881 CE
Postbank founded as Postcheque- en Girodienst
The Dutch postal service establishes a postal giro system, which later evolves into Postbank, a key predecessor of ING's retail banking operations. #banking #history )
1927 CE
Nederlandsche Middenstandsbank (NMB) founded
The Nederlandsche Middenstandsbank (NMB) is formed through the merger of several smaller banks, becoming a major Dutch banking institution. #banking #history
Jan 1, 1963 CE
Nationale-Nederlanden formed by merger
Nationale Levensverzekeringsbank and De Nederlanden van 1845 merge to create Nationale-Nederlanden, the largest insurance company in the Netherlands at the time. #insurance #merger
Dec 1, 1989 CE
NMB Postbank Group merger
NMB Bank and Postbank merge to form NMB Postbank Group, creating a major Dutch banking entity with both retail and corporate operations. #banking #merger
By User:adriana.monetory - Own work, CC BY-SA 4.0, https://commons.wikimedia.org/w/index.php?curid=90030441
Mar 4, 1991 CE
ING Group founded by merger
Nationale-Nederlanden and NMB Postbank Group merge to form ING Group, a Dutch financial conglomerate combining insurance and banking. #banking #insurance #merger
1992 CE
ING acquires Banque Bruxelles Lambert stake
ING Group acquires a significant stake in Banque Bruxelles Lambert, expanding its presence in Belgium. #acquisition #banking
Feb 26, 1995 CE
ING acquires Barings Bank
ING Group purchases Barings Bank for £1 after the British merchant bank collapses due to unauthorized trading by Nick Leeson. #acquisition #banking
Aug 1, 1997 CE
Launch of ING Direct in Canada
ING Group launches ING Direct in Canada, a pioneering direct bank without physical branches, offering high-interest savings accounts. #banking #innovation
1999 CE
Acquisition of ReliaStar Financial
ING Group acquires ReliaStar Financial Corp., a US-based insurance and financial services company, for $6.1 billion. #acquisition #insurance
Aug 1, 2000 CE
Acquisition of Aetna Financial Services
ING Group acquires Aetna's financial services and retirement businesses for $7.7 billion, expanding its US operations. #acquisition #insurance
By Kenneth C. Zirkel - Own work, CC BY 4.0, https://commons.wikimedia.org/w/index.php?curid=147567027
2001 CE
Expansion in Latin America
ING Group expands into Latin America through acquisitions in Mexico, Brazil, and Chile, including a majority stake in Seguros Commercial America. #expansion #insurance
2002 CE
ING Direct launched in USA
ING Direct USA is launched, quickly becoming one of the largest online banks in the United States with over 7.5 million customers. #banking #innovation
Jan 1, 2004 CE
ING acquires Italian bank Banca Popolare di Novara
ING Group acquires Banca Popolare di Novara, a cooperative bank in Italy, to strengthen its retail presence in Europe. #acquisition #banking
2007 CE
ING sells Mexican insurance operations
ING Group sells its Mexican insurance operations to AXA for $1.6 billion as part of portfolio optimization. #divestment #insurance
Oct 19, 2008 CE
€10 billion Dutch government bailout
ING Group receives a €10 billion capital injection from the Dutch government to shore up its finances amid the global financial crisis. #bailout #crisis
Apr 1, 2009 CE
ING announces restructuring and separation plan
ING Group announces plans to split its banking and insurance operations into separate entities, following EU state aid conditions. #restructuring #regulation
Jun 1, 2010 CE
ING Direct UK sold to Barclays
ING sells its UK direct banking arm ING Direct UK to Barclays for an undisclosed sum, as part of divestment requirements. #divestment #banking
Jun 17, 2011 CE
Sale of ING Direct USA to Capital One
ING Direct USA is sold to Capital One for $9 billion, marking the end of ING's direct banking operations in the United States. #divestment #acquisition
Oct 1, 2012 CE
Sale of Asian insurance and asset management to AIA
ING Group sells its Asian insurance and asset management businesses to AIA Group for $2.2 billion, completing a major step in its restructuring. #divestment #insurance
By AIA Group - www.aia.com, Public domain, https://commons.wikimedia.org/w/index.php?curid=125935196
May 1, 2013 CE
ING repays final portion of state aid
ING Group repays the remaining €1.025 billion of state aid to the Dutch government, including interest, regaining full independence. #finance #repayment
Mar 1, 2014 CE
IPO of NN Group
ING Group lists NN Group on Euronext Amsterdam, selling 29% of the insurance subsidiary as part of the separation process. #ipo #insurance
Jun 1, 2015 CE
ING completes divestment of NN Group
ING Group sells its remaining 57% stake in NN Group, fully divesting its insurance operations and becoming a pure-play bank. #divestment #restructuring
Jul 1, 2016 CE
ING launches digital transformation 'Think Forward'
ING Group announces a multi-year digital transformation strategy, investing €800 million in technology to become a leading digital bank. #digitaltransformation #banking
Jan 1, 2017 CE
ING acquires minority stake in PayConiq
ING Group invests in PayConiq, a mobile payment platform, to enhance its digital payment capabilities in the Benelux. #fintech #investment
Sep 4, 2018 CE
ING fined €775 million for AML failures
ING Group is fined €775 million by Dutch authorities for serious shortcomings in anti-money laundering procedures, one of the largest fines in Dutch history. #regulation #compliance
Jun 1, 2019 CE
ING launches mobile banking app with AI features
ING releases a new version of its mobile banking app with artificial intelligence-driven insights, part of its push for digital leadership. #banking #technology
Jun 25, 2020 CE
Steven van Rijswijk appointed CEO
Steven van Rijswijk succeeds Ralph Hamers as CEO of ING Group, leading the bank through post-pandemic recovery and digital acceleration. #leadership #CEO
Jan 1, 2021 CE
ING commits to net-zero by 2050
ING Group announces a commitment to align its lending portfolio with net-zero emissions by 2050, in line with the Paris Agreement. #sustainability #climate
Aug 1, 2021 CE
ING sells a majority stake in Wing (Vietnam)
ING Group sells a majority stake in its Vietnamese consumer finance subsidiary Wing to Shinsei Bank, as part of portfolio simplification. #divestment #asia
Feb 1, 2022 CE
ING reports record profit of €4.9 billion
ING Group posts a net profit of €4.9 billion for 2021, driven by lower loan losses and strong performance in retail and wholesale banking. #finance #earnings
Oct 1, 2022 CE
ING launches sustainability-linked loans for SMEs
ING introduces new sustainability-linked loan products for small and medium-sized enterprises in Europe, promoting green finance. #sustainability #banking
Mar 1, 2023 CE
ING partners with Microsoft for AI-driven banking
ING Group announces a strategic partnership with Microsoft to leverage AI and cloud technology for enhanced customer experiences and operational efficiency. #technology #partnership
Sep 1, 2023 CE
ING exits Russian market
ING Group completes its exit from the Russian market, selling its Russian subsidiary to local management, as part of sanctions compliance and risk reduction. #geopolitics #exit
May 1, 2024 CE
ING launches 'Open Banking' platform
ING Group releases an open banking platform allowing third-party developers to build applications using ING's banking APIs, fostering innovation. #fintech #openbanking
Aug 1, 2024 CE
ING named 'Best Bank in Western Europe' by Euromoney
ING Group receives the 'Best Bank in Western Europe' award from Euromoney for its digital transformation and strong financial performance. #award #banking