ING Group N.V.
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Acquisitions
4
Total Acquisitions
$10.9B
Disclosed Deal Value
2007
$2.7B
Turkish retail banking acquisition to build presence in an emerging European market; later sold in 2019.
2000
$2.1B
Acquired Equitable of Iowa to expand US life insurance and annuities, later sold as part of ING's post-2008 divestiture program.
2000
$6.1B
Major US insurance acquisition to build ING's American life insurance platform, subsequently divested.
1995
$1
Rescued Barings after the Nick Leeson derivatives trading scandal collapsed the 233-year-old bank. ING acquired Barings for £1, inheriting its client relationships and Asian banking network.
ING is growing through mobile-first retail banking, more products per customer, wholesale sustainable finance, payments, data-driven credit scoring, and automation of compliance and back-office processes.
ING earns revenue through net interest income, fees and commissions, trading and financial markets income, investment income, and wholesale banking services. The model depends on low-cost deposits, disciplined credit underwriting, digital acquisition, capital ratios, and the shape of European interest rates.
ING uses acquisitions, licenses, partnerships, or portfolio moves selectively when they strengthen its long-term strategy.
The most important deals are those that expand brands, technology, geography, supply, or distribution advantages.
Deals matter when they reinforce the core moat rather than distract from it.
This profile summarizes notable acquisitions, partnerships, and strategic portfolio moves for ING.