ING

Apr 25 '17 11:15

Home buyers with a mortgage that has a longer fixed interest rate period are often misled by the so-called moving scheme, according to the own home association VEH. New buyers who sign a mortgage with National Mortgage Guarantee and an interest rate period of 20 or 30 years, get duped when the move to a home that is not eligible for the National Mortgage Guarantee, the VEH said on Tuesday, NU.nl reports.

The association examined the moving conditions of 35 mortgage providers and concluded that clients of ING, bijBouwe, Allianz and Hypotrust Goede Start all fall into this trap. 

Vincent van den Boogert in 2017
Apr 13 '17 16:15

ING Netherlands announced its appointment of Vincent van den Boogert as its new CEO. He takes over for Nick Jue, who was named CEO of ING’s Germany operations, pending regulatory approval there.

Boogert, 46, is currently on the bank’s board, overseeing customer interfacing at the Dutch bank. He is a long-time veteran at the bank, having started there in 1995. He has worked for the bank in a variety of management roles in the Netherlands and Turkey.

Mar 22 '17 08:24

The Public Prosecutor is busy with a criminal investigation against ING in which the bank is suspected of involvement in international corruption, money laundering, violating rules for customer due diligence and failing to report unusual transactions, a spokesperson for the Prosecutor's Office confirmed to the Financieele Dagblad on Tuesday.

Mar 16 '17 13:35

ING Bank will be nominating former Prime Minister Jan Peter Balkenende to sit on the bank's supervisory board. The nomination will be made at the Annual General Meeting (AGM) on May 8th. Along with Balkenende, the bank will also nominate Margarete Haase and Hans Wijers for positions on the board, ING announced on Thursday.

Mar 3 '17 11:50

ABN Amro and ING are among the best performing banks in Europe, standing at number 2 and 3 on the "profit as a percentage of equity" ranking. Only the Belgian bank KBC performed better and got the first position, Financieele Dagblad reports.

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

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