A Dutch origin company operating since 150 years from now, the ING Group is a globally recognized financial company. It provides vast range of banking products and facilities in banking, insurance and asset management services in a number of countries. The Company’s market capitalization ranks it among the twenty largest financial institutions worldwide, among the top ten in the Europe. We can take a look at the banking products and asset management facilities offered by the bank. The bank offers multiple lines of business which includes insurance Europe, insurance Asia/Pacific, wholesale banking and the ING Direct.
Where the insurance facilities are offered in the Asia Pacific and the Europe region, whole sale banking at ING Bank covers clients, network, banking products, corporate finance, equity and financial markets. Corporate clients are offered with corporate finance facilities which include working capital management and asset financing so as to meet their financial needs and thus ensure maximum liquidity for routine expenses at the same time. Equity financing is also available for a company with trouble in maintaining a secure debt-equity ratio. The edge of services provided by the ING Bank lies with the fact that they tailor their banking products according to particular financial needs and trends of a region where it operates. The bank also offers long term loan facilities to individuals and business clients so as to cater their financial needs. Individual needs could be identified for a particular purchase or to start up a business.
Risk management at the bank is supported by separate departments like the credit risk department, market risk and the insurance risk department. At credit risk department the ING Bank maintains an internationally diversified loan and bond portfolio. To keep a check against large risk concentrations, the bank manages development s within the business lines with the help of defining limits on risk concentration for countries, individual borrowers and borrower groups. Under market risk the bank successfully manages trading risk and non trading risk. Market risk is monitored under extreme market movements using the value at risk measure. On the other hand, earning at risk measure is used to measure interest rate risk.
ING Bank’s direct banking facility, popularly known as ING Direct is the leading direct banking in the world and it is a complete banking unit in itself. From account opening to account maintaining and from reviewing balances to transferring funds; all can be done easily online via the direct bank service. The bank offers savings account that yield up to three percent profit for the accountholder on yearly basis. Even home loans including mortgages and equity homes are available with this banking facility. There are savings and current accounts for businesses to maximize the returns on their funds. Under its ShareBuilder product, ING Bank issues stocks and shares which are risk-diverse and can double the money of investors who opt for them. The direct banking also offers mutual funds for interested investors and business people who can invest and thereby earn maximum returns. Retirement plan is an award winning product offered by the bank and it has maintained its standard well among competitors being the most effective on cost. Direct banking provides you with the unique facility of paperless work which thereby excludes all hassles that are related to account opening, signing various documents and so on.
Thus, ING Inc. with all its subsidiaries and divisions successfully delivers banking products and services to manage finance, assets and capital of businesses and individuals at highly competitive rates which are cost effective for the applicants. The facility of direct banking enables users to apply for an account, access and operate it on the Internet with easy methods of account handling.
