ING DIRECT is the operating name of ING Bank of Canada, a member of ING. ING Bank of Canada is a Schedule II chartered Canadian bank, which means we have to follow the same rules and regulations as other Canadian banks. ING stands for Internationale Nederlanden Group.
ING DIRECT is regulated, as with any other bank, by the Office of the Superintendent of Financial Institutions (OSFI). When we started ING DIRECT in 1997 we were determined to be a different kind of bank. But there is one area where we were determined to be exactly like every other bank. Security. ING Bank of Canada is a member of Canada Deposit Insurance Corporation.
ING DIRECT currently has over 1 million Canadian clients, and over billion in total assets. We also have over 750 employees. With worldwide banking and insurance assets exceeding $1 Trillion (CDN), ING is one of the 20 largest financial services companies in the world. Headquartered in Amsterdam, ING employs over 115,000 people in more than 65 countries.
