Our annual ranking of the world's largest corporations

18 of 500
18. ING Group
ING Group
Financials: Latest Results
Rank: 18 (Previous rank: 17)
CEO: Jan H.M. Hommen
Employees: 104,419
Address: Amstelveenseweg 500
Amsterdam, 1081
Country: Netherlands
Website: www.ing.com

The Dutch financial services giant stepped into 2011 with hopes to complete two initial public offerings – one for its combined European and Asian businesses, the other for its U.S. insurance and investment management business.

But because of market turbulence amid Europe’s ongoing debt crisis, ING decided earlier this year to change part of its plan. It is now considering a sale of its Asian business, among other options. As for its European arm, it is still pursuing an IPO as one option. The firm has said it also plans to move forward with its U.S. public offering.

The Dutch government bailed out the firm during the financial crisis in 2008. As part of the deal, ING is working to split up its banking and insurance assets. The two are already operationally separated, but ING will be fully restructured by the end of 2013. The firm is also working to repay the government. Earlier this year, executives said they would not pay a dividend to shareholders until the state aid is paid off. -- N.H.T.

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  $ millions % change from 2010
Revenues 150,570.7 2.4
Profits 6,590.7 79.2
Assets 1,653,488.7 --
Stockholders' equity 59,010.3 --
Profits as % of  
Revenues 4.4
Assets 0.3986
From the July 23, 2012 issue
Figures prepared in accordance with International Accounting Standards.
Includes revenues from discontinued operations.
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Rank # of Global 500 Companies
U.S. 132
China 73
Japan 68
Company 2011 Number of Employees
Wal-Mart Stores 2,200,000
China National Petroleum 1,668,072
State Grid 1,583,000
Company 2011 Profits
($ millions)
Gazprom $44,459.6
Exxon Mobil $41,060
Industrial & Commercial Bank of China $32,214.1
FAQ and methodology
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