ING

Greenpeace activists build a pipeline into ING's headquarters in Amsterdam to protest the bank funding the Dakota Access pipeline, 16 Feb 2017
Feb 16 '17 16:45

On Thursday morning a group of about 20 Greenpeace activists dug room for and planted 15 meters of super heavy pipe sections at the ING headquarters in Amsterdam Zuidoost. They did so to protest against the Dutch bank's part in financing the highly controversial Standing Rock pipeline in Dakota, United States, Het Parool reports.

Feb 15 '17 10:58

If American president Donald Trump goes through with his plan to protect the United States' industry with tariffs on imported goods and services, the Dutch economy could suffer a loss of billions of euros, according to calculations by ING Bank, Financieele Dagblad reports.

The bank based its calculations on a U.S. import duty of 10 percent. If that is the case, the Netherlands will export 3.7 billion euros less to the United States. That will result in the Dutch gross domestic product being 0.3 percent lower, according to the bank. 

ING Bank
Feb 3 '17 11:15

While the worst of the credit crisis is now definitely a thing of the past, the future of the euro remains a major concern, the directors of ING Bank said while presenting the bank's annual figures on Thursday, ANP reports.

Geert Wilders rally in Purmerend
Jan 11 '17 09:10

Anti-Islam nationalist party PVV will not be in the next Dutch government after the elections in March of this year, according to ING economists Martin van Vliet and Dimitry Flemming. In a report titled Much ado about nothing... probably, they list several reasons why they believe Geert Wilders and his PVV will not cause political earthquakes after the elections, Business Insider Nederland reports. 

Jan 6 '17 09:53

The Dutch economy will show solid growth again this year, though it will be weaker than in 2016, ING's Economic Bureau predicts in estimates published on Friday. The bank expects 1.6 percent growth this year, compared to 2.2 percent last year, ANP reports.

Shopping
Dec 28 '16 10:05

Economists at ING expect fewer bankruptcies next year. According to a report published by the ING Economic Bureau on Tuesday, the number of businesses filing for bankruptcy is expected to decrease by 10 percent in 2017 compared to 2016. The Dutch retail sector also seems to be reviving.

Police
Dec 21 '16 12:35

An armored car was robbed on Koestraat in Purmerend on Wednesday. The perpetrators fled on a scooter and are still at large, RTV Noord-Holland reports.

The armored car was parked at an ING branch in Koestraat when the perpetrators hit. It is unclear whether they managed to steal anything. 

The police are looking for two men, whose descriptions were spread on Burgernet. The robbers are a white man and a dark skinned man. One wore a white jersey with a gray good, a vest, a backpack and dark sneakers. The second man was wearing a blue flight jacket and dark jeans. 

Dec 21 '16 10:50

Dutch banks still generally fall seriously short when it comes to climate policy and that sets the organizations behind, according to a new report published by the Fair Bank Guide on Wednesday, ANP reports.

Only SNS, ASN and Triodos scored well on their climate policy. Aegon, ING, ABN Amro, Rabobank, Delta Lloyd and Van Lanschot all scored an insufficient. According to the researchers, most Dutch banks don't require oil companies to prevent drilling in the fragile Arctic. They also don't publish measurable CO2 reduction targets for the companies in which the invest. 

Nov 3 '16 11:45

Dutch bank ING saw its net profits increase to 1.35 billion euros in the third quarter, an increase of 27 percent compared to the same quarter last year. The bank's total income rose by 9 percent to 4.4 billion euros, ING announced on Thursday, ANP reports.

ING granted more loans to consumers and businesses and took in more savings. ING's loans increased by 3.6 billion euros and on balance attracted 2 billion euros in savings. Despite the low interest rates, the bank got "healthy" margins on its loans. 

Oct 13 '16 11:10

ING is named in a massive fraud case surrounding Malaysian state fund 1MDB. According to the Volkskrant, the U.S. subpoena in the case states that the Dutch bank played a roll in transfers of large amounts between companies.

Oct 6 '16 10:02

Nearly half of Dutch poultry farmers have been living below the poverty for an average of 15 years, according to an ING report on the state of Dutch agriculture. Half of chicken farmers and 45 percent of pig farmers lived on less than 22,300 a year between 2001 and 2015

Oct 4 '16 15:30

Digitization always comes at the expense of jobs, ING bank CEO Ralph Hamers said to RTL Z. He emphasized that the 7 thousand jobs disappearing from the Benelux are not because of cutbacks.

Oct 3 '16 08:32

ING is cutting a total of 7 thousand jobs across the Benelux region, the bank announced on Monday. The Netherlands is losing 2,300 jobs and Belgium is losing 3,100

Sep 30 '16 08:23

ING CEO Ralph Hamers is preparing for a major reorganization that will cost thousands of jobs as well as the autonomy of the countries where the bank is located, Financieele Dagblad reports. According to the newspaper, this plan is expected to save billions of euros in cost cuts.

Sep 12 '16 15:30

The mortgage market in the Netherlands is recovering to pre-financial crisis levels. In the second quarter of this year, the mortgage market reached the highest level since the outbreak of the crisis in 2008, according to figures from IG & H Consulting

Aug 31 '16 09:51

Dutch bank ING is lowering its interest on freely available savings accounts to 0.3 percent. And with that all three large Dutch banks are closer to a 0 percent interest rates on savings accounts than 1 percent

Jul 21 '16 08:52

Dutch bank ING was linked to an American fraud investigation in which Malaysian Prime Minister Najib Razak is suspected of embezzling over a billion dollars from Malaysian state investment fund 1MDB into his personal accounts, the Financieele Dagblad reports.

Jun 29 '16 11:10

The United Kingdom's decision to leave the European Union will likely do "substantial damage" to the growth of the Dutch economy, ING Economic Bureau said on Tuesday. The bank lowered its economic growth forecast for 2016 from 2.1 percent to 1.8 percent and for next year from 1.9 percent to 1.3 percent

Vacation
May 18 '16 14:11

Many Netherlands residents will receive their holiday pay next week. And the majority of them will actually spend it, instead of saving it or using it to pay debts, according to an ING Economic Bureau survey

May 10 '16 10:43

Dutch bank ING recorded a net profit of 1.3 billion euros in the first quarter of 2016, compared to 1.8 billion euros in net profit the bank made in the same period last year. Excluding once-off windfalls and set backs, the profits dropped 29 percent to 842 million euros

Apr 25 '16 10:51

Dutch banks ING and Rabobank jointly invested 218.6 million euros in Russian coal firm SUEK in February of this year, according to bank watchdog Eerlijke Banwijzer. The watchdog finds the investments "appalling" and calls on both banks to stop investing in coal producers.

Airbnb
Apr 25 '16 09:43

Renting out rooms to tourists through Airbnb can at least partly be blamed for the skyrocketing housing prices in Amsterdam and the increasing gap between rich and poor in the city, according to a study done by ING's Economic Bureau

Apr 15 '16 16:55

On Thursday afternoon ING Group announced the sale of the last of its residual share in the insurance and asset management company Nationale-Nederlanden

Apr 5 '16 12:50

A new Rembrandt, painted nearly four centuries after the famous Dutch artist's death, was unveiled in Amsterdam art gallery Looiersgracht 60 on Tuesday. The portrait of a Caucasian man with a white collar and a hat was not painted by an understudy or fan, but by a computer based on Rembrandt's complete works.

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