| ING Groep N.V. is a global financial institution. The Company's is a global financial services company providing banking, investments, life insurance and retirement services. It serves more than 75 million customers in Europe, the United States, Canada, Latin America, Asia and Australia. ING has six business lines: Insurance Europe, Insurance Americas, Insurance Asia/Pacific, Wholesale Banking, Retail Banking and ING Direct. In July 2008, the Company completed the acquisition of CitiStreet LLC. In July 2008, ING Groep N.V. completed the sale of its Mexican business, Seguros ING SA de CV and subsidiaries, to AXA. In October 2008, ING Groep N.V.'s subsidiary, ING Direct UK, acquired the savings deposits division of Kaupthing Edge, a subsidiary of Kaupthing Bank and Heritable Bank. In November 2008, ING Groep N.V. increased its stake in joint venture Billington Holdings PLC from 50% to 100%. The activities of Billington, an e-invoice specialist, will fall under ING Wholesale Banking. |
