| ING Groep N.V. | |||
| Ticker: | ING | Strawinskylaan 2631 P.O. Box 810 | |
| Exchange: | New York Stock Exchange | Amsterdam, NETH 1077 ZZ | |
| Industry: | Financial (SIC Code 6311) | ||
| Type of Shares: | American Depositary Receipts | Filing Date: | 5/20/97 | |
| U.S. Shares: | 6,500,000 | Offer Date: | 6/12/97 | |
| Non-U.S. Shares: | 0 | Filing Price: | $41.55 | |
| Primary Shares: | 6,500,000 | Offer Price: | $46.48 | |
| Secondary Shares: | 0 | Gross Spread: | $1.58 | |
| Offering Amount: | $270,074,995 | Selling: | $0.95 | |
| Expenses: | - | Reallowance: | $0.10 | |
| Shares Out After: | - |
| Manager | Tier | Phone |
| ING Baring (U.S.) Securities, Inc. | Lead Manager | (212) 409-7900 |
| Goldman, Sachs & Co. | Co-manager | (212) 902-5959 |
| Merrill Lynch & Co. | Co-manager | (212) 449-4600 |
| Morgan Stanley & Co. Incorporated | Co-manager | (212) 761-5900 |
| Issuer's Law Firm: | Sullivan & Cromwell |
| Bank's Law Firm: | Davis, Polk & Wardwell |
Dollar amounts in U.S. millions except for per share data | |||||
| Full Year Audited Income | Latest Unaudited Income | Prior Unaudited Income | Balance Sheet | ||
| 12/31/96 | |||||
| Revenue: | $25,354.00 | Assets: | |||
| Net Income: | $1,771.00 | Curr Assets: | |||
| EPS: | $2.31 | Liabilities: | |||
| Prior EPS: | Curr Liabilities: | ||||
| Cash Flow/Oper: | Equity: | ||||
| Cash Flow/Fin: | Cash: | ||||
| Cash Flow/Inv: | |||||
| Business Description |
| The company operates in 58 countries worldwide and is one of the world's largest integrated financial service providers, offering a comprehensive range of life and non-life insurance, commercial and investment banking, asset management & related products. The company has extensive operations in Europe, North America, South America, Africa, Asia and Australia. In 1996 the company had gross written premiums of NLG 24,322 million making it the largest insurer in the Netherlands. In the Netherlands, the company is the largest life and pension insurer and the second largest non-life insurer, with market shares of 22.9% and 30.2% of individual life and group life insurance, respectively, and a market share of 10.0% of non-life insurance, in each case based on gross premiums written in 1995. The company bank is the third largest bank in the Netherlands based on total banking assets in 1996 and has the leading position in the Dutch payments transfer system, with a market share of 49% based on transactions volume. The company, through its banking and insurance operations, has a financial relationship with approximately 75% of households in the Netherlands. |
| Use of Proceeds |
| The proceeds from the proposed offering will be used for general corporate purposes. |