ING USA Holding Corporation history

The stock market crashed in 1929, the same year that National City Bank became the world's largest commercial bank.

By 1982 Mutuelles Unies-Drouot was France's largest non-state-owned insurance company and was expanding internationally with services that included life insurance, financial management, and real-estate investment.

By default, in 1985 "AXA" became the new company name of Mutuelles Unies-Drouot.

These are the legal predecessors of the ‘founding fathers’ of ING:Nationale-Nederlanden and NMB Postbank Group.The founding of ING as one company was started in 1990 when the legal restrictions on mergers between insurers and banks were lifted in the Netherlands.

The market soon abbreviated the name to I-N-G. The company followed suit by changing the statutory name to ING Groep N.V. Since 1991, ING has developed from a Dutch company with some international business to a multinational with Dutch roots.

In 1998 the company's Citicorp and Travelers Group divisions were merged to create Citigroup Inc.

In 2000 ING acquired three United States insurance companies: Minneapolis-based ReliaStar Financial Corp. for $5 billion in September and Aetna Financial Services and Aetna International, both divisions of Aetna, Inc., of Hartford, Connecticut, for $7.7 billion in December.

The campaign, estimated at $20 to $30 million, began in May 2001 and took a humorous approach to introducing the ING name to consumers.

The 2002 Internet effort that followed the television and print launch, however, did help drive business and further increased the company's name and brand recognition among consumers.

However, in 2004, ING as a group had become well-established in both regions and Life of Georgia was sold.Other acquisitions, such as the Belgian Bank Brussels Lambert, strengthened the Group’s presence in the Benelux.

We, as ING Bank, started to offer our world standard financial services to our retail and corporate customers in Turkey as of July 7, 2008.