ING Groep N.V. - ING- Profile

ING Groep N.V.(ING GROEP). The Group's principal activity, which prior to 1995 was known as Internationale Nederlanden Groep NV, is the provision of a wide range of insurance and banking services. These include all forms of life and non-life insurance, life reinsurance, funds transfer services, savings plans, investments in securities and other capital market instruments. It has its own establishments in over 50 countries. Banking is dealt with by ING Bank and insurance by Internationale Nederlanden Verzekeringen. The Group is organised around six business lines: Retail Banking, Wholesale Banking, ING Direct, Insurance Asia/Pacific, Insurance Europe, Insurance Americas. In the year 2006 the Group acquired 100% of Appleyard Vehicles Contracts, 100% of ABN AMRO Asset Management (Taiwan Ltd) and 56% of Summit Real Estate Investment Trust. Insurance accounted for 79% of 2005 total revenues; Wholesale Banking 8%; Retail Banking 8% and Others 5%