ING Group
Profile
ING Group is a global financial
institution of Dutch origin offering
banking, insurance and asset management
to over 60 million private, corporate
and institutional clients in 60
countries. With a diverse workforce of
more than 110, 000 people, ING comprises
a broad spectrum of prominent companies
that increasingly serve their clients
under the ING brand.
ING in the Czech Republic.
ING offers its products and services in
the Czech Republic since 1991 through
the Prague branch of ING Bank (then
known as Internationale Nederlanden
Bank). One year later
Nationale-Nederlanden entered the Czech
market. With the acquisition of
Prumyslovy penzijni fond in 1995, ING
broadened its business scope by
providing supplementary pension
insurance services as well. Today, ING
offers a wide range of products and
services to both retail and corporate
clients in the areas of banking,
insurance and asset management.
ING Group contains:
Life insurer ING (former
Nationale-Nederlanden)
Provides clients with a complex solution
for their financial situation, which is
based on the thorough financial analysis
of their individual needs and
expectations. The service and products
are offered through 1, 155 advisors for
financial planning and the chain of 15
ING Life insurer branches (former
Nationale- Nederlanden)
Products:
- Unit Linked Insurance
- Investor Plus Life Insurance
- Junior Plus Unit Linked Insurance
- Endowment Insurance
- Pure endowment insurance with refund
of premium at death
- Decreasing term insurance
- Term Insurance
- Student Insurance
- Dowry Insurance
- Immediately mature annuity
Indicators:
In 2002, the company's premium written
exceeded CZK 4, 8 billion, the volume of
assets under management was CZK 18, 5
billion.
Awards:
- ING was awarded the prestige prize
Silver Crown, (in the Life Insurance
category) for its product of Investor
Plus Life Insurance, at the 2nd Penize
(Money) Investing Opportunities
Exhibition.
- At this year's: " The Best Company
Image" Rhodos competition, the main
prize went to two ING entities:
Pojistovna ING and ING Pension Fund.
Pojistovna ING received also The Blue
Rhodos, for companies that have won the
competition for 3 times.
ING Pension fund
Offers the possibility of supplementary
insurance pension with state financial
contribution.
Characteristics of pension insurance:
- Highly effective method of saving
money.
- The state will give a financial
contribution to your pension insurance
of up to CZK 150 per month.
- Tax advantages both for you and your
employer.
Forms of pensions:
- Old-age pension
- Retirement pension
- Inheritance pension
- Disability pension.
Indicators:
As decided by the Board of Directors,
the contribution of ING Pension Fund
clients have been appreciated by 4.1%,
one of the highest appreciation figures
among domestic funds.
Awards:
- ING was awarded with Silver Crown, the
prestige prize for its product of
Supplementary insurance pension with
state financial contribution, at the
2nd "Penize" Investing Opportunities
Exhibition.
- In the 7th year of " The Best Company
Image" Rhodos competition, the main
prize went to insurer ING and ING
Pension Fund.
ING Bank
Offers a complex range of services in
the area of corporate, institutional,
and retail banking. Orange Houses are
modern centres for retail clientele
opened in Prague and Brno, where clients
may receive all the information they
need about products and services of ING.
ING Account (former Orange Account)-
saving account with the high interest
rate, a product for natural persons for
their private purposes - 2, 0 % p. a.
- No fees - account maintenance, sending
quarterly statements and transactions
are free of charge.
- No need to change client's bank
- No notice period - you can have the
funds at your disposal whenever you
need.
ING Funds- Their primary aim is
achieving higher profit than time
deposit bank accounts:
- Simple selection of a fund according
to your requirements and wishes
- Initial minimum investment is CZK
3, 000
- Return is completely tax-free as long
as your investment within ING Funds
exceeded 6 months.
ING Funds in CR:
- ING Czech Money Market
- ING Czech Bond
- ING Dollar
- ING Euro
- ING Euromix Bond
- ING (L) Renta Fund World
- ING High Yield Bond
- ING Czech Equity
- ING EMU Equity
- ING European Equity
- ING European Small Caps
- ING (L) Invest World
- ING IT
- ING Japan
- ING US
- ING (L) Invest Biotechnology
- ING (L) Invest Materials
- ING Global High Dividend
- ING Emerging Markets
- ING Czech Continuous Click Fund Euro
- ING Continuous Click Fund Eurotop 100
- ING Continuous Click Fund US.
Employee Benefits
ING has developed a unique and flexible
approach to provide cost-effective
services for its corporate customers. A
tailor-made scheme is designed according
to the client's needs, covering benefits
for regular employees as well as top
managers.
Employee Benefits in CR concentrates on:
- Individual approach
- Telephone support
- Electronic administration
- Access to EB contracts.
Some of the clients of the Employee
Benefits Programme are British Airways,
Philips, Nestle Food, Unilever, and
others.
Awards for ING Bank:
- ING Bank received the award for "The
best international bank in the Czech
Republic" in 1998 and 1999 (Central
European magazine/ Euromoney
Publishing House)
- ING bank was awarded four times with
the TMI Award for Excellence for "The
Best Cash Manager in Central Europe"
from 1999 until 2002 (Treasury
Management International magazine).
ING Lease
ING Investment Management:
- ING Investment Management specialises
in managing the technical reserves of
insurance companies and pension funds,
the management of the individual
accounts of institutional investors
and management of investment fund
portfolios of collective investments.
ING Real Estate:
- Realisation, financing, and asset
management in the area of real estates
- ING Real Estate brought many famous
architects to Prague, and helped great
projects come to life- one of the most
significant post-war structures in the
Czech Republic, the Dancing House (aka
Ginger and Fred) or Zlaty andel, the
business and retail centre in Prague's
Smichov quarter.