ING Groep NV (INGA)

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ING Group NV Profile

ING Groep NV is a Dutch multinational banking and financial services corporation headquartered in Amsterdam, the Netherlands. ING operations in the banking sector include but are not limited to retail banking, private banking, investment banking, asset management, and insurance services. ING Groep NV serves around 38.5 million customers in 48 countries. The Dutch banking group employs more than 55,000 people, has a $45.79B (USD) market cap, and is the 9th largest bank in Europe by total assets $1,1T (USD) as of 2020. ING Groep is the parent company of AFP Capital, Bank Mendes Gans, Makelaarsland, and The Baring Archive. ING Groep NV (INGA.xams) is traded on the Euronext NV and is listed as an Amsterdam Exchange Index (AEX) component on the New York Stock Exchange (NYSE). ING paid almost €1B (EUR) in fines for failing to identify its clients, including Russian and Ukrainian’ money laundering and other criminal activities during the last three years. ING’s share price (INGA.xams) has recently reached its pre-pandemic levels. ING Groep NV is leading numerous blockchain projects by developing open banking technology platforms (crypto trade), including Pyctor and Yolt.

Holding cost
Long
-5%
Short
-2.5%
Trading hours in CET Time
Fri
09:00-17:30
Mon
09:00-17:30
Tue
09:00-17:30
Wed
09:00-17:30
Thu
09:00-17:30
Sun
Closed
Sat
Closed

Share CFD Trading FAQ

Each investor owning shares of a company is also owning fragments of the company. A quite simple way to explain what a stock is is basically when a company divides itself into several shares and then it makes a part of these equities available to the public, at a price. Each investor owning shares of a company is owning fragments of the company.

While shares represent units of ownership within a company Contracts for Difference (CFDs) allow traders to speculate on the future share price fluctuations of an underlying asset. Thus when trading CFDs traders do not physically own the underlying asset. CFDs are available for a range of underlying assets, such as shares, commodities, and foreign exchange, and indices.

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On long positions
No ownership of physical
shares necessary

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Source - database | Page ID - 12848

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