The principal subsidiaries of ING Groep N.V. and their statutory place of incorporation and primary country of operation are as follows:
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Principal subsidiaries, investments in associates and joint ventures |
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Proportion of ownership and interest held |
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by the Group |
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2018 |
2017 |
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Subsidiary |
Statutory place of Incorporation |
Country of operation |
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ING Bank N.V. |
Amsterdam |
the Netherlands |
100% |
100% |
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Bank Mendes Gans N.V. |
Amsterdam |
the Netherlands |
100% |
100% |
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ING Belgium S.A./N.V. |
Brussels |
Belgium |
100% |
100% |
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Record Bank1 |
Brussels |
Belgium |
n.a. |
100% |
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ING Luxembourg S.A. |
Luxembourg City |
Luxembourg |
100% |
100% |
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ING-DiBa AG |
Frankfurt am Main |
Germany |
100% |
100% |
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ING Bank Slaski S.A.2 |
Katowice |
Poland |
75% |
75% |
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ING Financial Holdings Corporation |
Delaware |
United States of America |
100% |
100% |
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ING Bank A.S. |
Istanbul |
Turkey |
100% |
100% |
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ING Bank (Australia) Ltd |
Sydney |
Australia |
100% |
100% |
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ING Commercial Finance B.V. |
Amsterdam |
the Netherlands |
100% |
100% |
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ING Groenbank N.V. |
Amsterdam |
the Netherlands |
100% |
100% |
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1 During 2018, ING merged Record Bank into ING Belgium S.A./N.V.
2 The shares of the non-controlling interest stake of 25% are listed on the Warsaw Stock Exchange, for summarised financial information we refer to ‘Note 35 ‘Segments’.