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12. ING Group
ING Group
Financials: Latest Results
Rank: 12 (Previous rank: 8)
CEO: Jan Hommen
Employees: 107,173
Address: Amstelveenseweg 500
Amsterdam  1081
Country: Netherlands
Website: www.ing.com
Global financial services provider ING Group spent much of the last year getting back on track after the 2008 financial crisis. Under a major restructuring program, the company simplified operations by cutting expenses and separating its banking and insurance operations.

ING says the plan is proceeding apace: Among other activities, the Group already cut costs by nearly $2 billion and is selling its ING Direct U.S. unit.* The company expects the restructuring to wrap up by 2013.

-- B.F.

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  $ millions % change from 2008
Revenues 163,203.8 -28.0
Profits -1,299.6 N.A.
Assets 1,669,711.4 --
Stockholders' equity 55,764.5 --
Profits as % of  
Revenues -0.8
Assets -0.1
From the July 26, 2010 issue
Figures prepared in accordance with International Accounting Standards.

* An earlier version of this story incorrectly stated the size of INGs cost cutting.
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