ING Luxembourg
ING Luxembourg S.A. is a wholly-owned subsidiary of ING Group providing Private Banking for high-net-worth individuals and Wholesale Banking for large corporates, investment funds, banks, and insurance clients in Luxembourg, currently refocusing away from retail and business banking.
- Company typePrivate
- Founded1960
- HeadquartersLuxembourg, Luxembourg
- Headcount501–1,000
- GTM typeB2B and B2C
- OfferingServices
What ING Luxembourg does
ING Luxembourg S.A. is a wholly-owned subsidiary of ING Group N.V. (listed on Euronext Amsterdam) and one of Luxembourg's established banking institutions, operating since 1960. The company provides Private Banking services to high-net-worth individuals and Wholesale Banking services to large corporates, investment funds, banks, and insurance clients, with ING Luxembourg designated as a Center of Excellence for ING Group's Private Banking activities. Its product portfolio includes the My ING digital banking platform (web and mobile, with LuxTrust authentication), a range of Visa payment cards (Platinum, Gold, Classic, Debit, Business), savings and investment products (savings accounts, term deposits, ING Pension Plan, Invest Plan), investment management services (discretionary, advisory, and execution-only mandates), proprietary ING Funds, life insurance distributed in partnership with WEALINS, and bundled insurance assistance via Europ Assistance. High-net-worth clients are served through dedicated Private Bankers and Account Managers supported by internal tax/legal specialists and external advisors, with wealth planning, wealth engineering, and cross-border structuring as core offerings.
Revenue is generated through three primary streams: recurring management and advisory fees plus transaction commissions on Private Banking AUM; lending margins, cash management fees, and depositary/custody income from Wholesale Banking; and insurance distribution commissions from the WEALINS partnership. GTM is relationship-led and omnichannel, combining dedicated private bankers for HNW clients with field sales for wholesale clients, supported by the My ING digital platform and the ING Group's 35+ country wholesale banking network. The company is mid-transformation in 2024-2025, having announced the exit of Mass Retail Banking and Business Banking operations, with referral agreements signed with BGL BNP Paribas (December 2024, ~21,000 clients) and POST Luxembourg (September 2025, ~4,500 clients), branch closures (Esch-sur-Alzette, Ettelbruck) effective November 30, 2025, and a social plan covering approximately 124 positions signed October 24, 2025.
ING Luxembourg firmographics
Firmographics- Name
- ING Luxembourg
- Legal name
- ING Luxembourg S.A.
- Website
- https://ing.lu
- Company type
- Private
- Founded year
- 1960
- Operating status
- Operating
- Headcount range
- 501–1,000 employees
- Short description
- ING Luxembourg S.A. is a wholly-owned subsidiary of ING Group providing Private Banking for high-net-worth individuals and Wholesale Banking for large corporates, investment funds, banks, and insurance clients in Luxembourg, currently refocusing away from retail and business banking.
- Ownership category
- akta.pro rank
ING Luxembourg industry classification
Industry- Product category
- Private & Wholesale Banking
- NAICS
- Commercial Banking (522110), All Other Financial Investment Activities (52399), Offices of Bank Holding Companies (551111)
- SIC
- Investment Advice (6282), Functions Related To Depository Banking, Nec (6099)
- akta.pro primary industry
- Private Banking Advisory & Discretionary Portfolio Management (FSABADAD)
- akta.pro secondary industries
- Offshore & International Private Banking (FSAAABAB), Private Banking Business Owners & Entrepreneur Solutions (Liquidity Events, Pre-IPO) (FSABADAK)
Keywords
Where ING Luxembourg is headquartered
LocationHeadquarters
- HQ city
- Luxembourg
- HQ country
- Luxembourg
- HQ region
- Europe
Offices4 records
Markets served
ING Luxembourg business model
Business model- GTM type
- B2B and B2C
- Offering type
- Services
- Cost components
- Personnel, Operations, Technology or R&D, Marketing or Sales, Infrastructure, Others
Revenue model
- Private Banking Services: Wealth planning, investment management, and advisory services for high-net-worth individuals. Revenue from management fees, advisory fees, and transaction commissions on investment services including discretionary mandates, advisory mandates, and execution-only services.
- Wholesale Banking Services: Specialized lending, hedging solutions, payment and cash management, and depositary and custody services for large corporates, investment funds, banks, and insurance clients.
- Life Insurance Distribution: Partnership with WEALINS for life insurance solutions, generating commissions from insurance product distribution.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Subscription | Annual | Private Banking tariff brochure |
| Subscription | Annual | Wholesale Banking tariff brochure |
| Subscription | Annual | Retail Banking tariff brochure |
Go-to-market motion1 record
Distribution channels6 records
Marketing channels7 records
ING Luxembourg product offering
Product offeringCore offering
ING Luxembourg S.A. is a private banking and wholesale banking institution operating as ING Group's Center of Excellence for Private Banking in Luxembourg. It provides wealth planning, investment management, and bespoke advisory services to high-net-worth individuals, while also serving large corporates, investment funds, banks, and insurance clients through specialized lending, hedging, payment and cash management, and depositary and custody services. The bank is undergoing a strategic transformation, having phased out mass retail and business banking to focus exclusively on Private Banking and Wholesale Banking activities.
Product overview
ING Luxembourg operates as a universal banking institution with a strategic focus on Private Banking and Wholesale Banking, having phased out Mass Retail Banking and Business Banking operations. The product portfolio centers on the My ING digital banking platform (available via web and mobile app) complemented by a comprehensive suite of payment cards (Visa Platinum, Visa Gold, Visa Classic, Visa Debit, Visa Business), savings and investment products (savings accounts, term deposits, ING Pension Plan, Invest Plan), investment management services (discretionary, advisory, and execution-only mandates), and proprietary ING Funds. Insurance offerings include life insurance through the WEALINS partnership and bundled travel/assistance protections via Europ Assistance. For high-net-worth clients, dedicated Private Banking services encompass wealth planning, wealth engineering, and bespoke structuring across generations. Wholesale Banking serves institutional clients including large corporates, investment funds, banks, and insurance companies through ING Group's global network.
Differentiator
Problem solved
Functional benefit
Products and services
- Private Banking Wealth management services for high-net-worth individuals including wealth planning, investment solutions, and cross-border asset management with dedicated Private Bankers.
- Wholesale Banking
- Wealth Planning and Structuring Expert guidance on organizing and protecting wealth across generations, including family subjects, international scope, and estate planning for high-net-worth individuals.
- Wealth Engineering 360-degree approach to family wealth management including tailored investment solutions, family office services, and coordination with external advisors for affluent families.
- Discretionary Management Mandate Portfolio management service where experts manage client investments with diligence and expertise on the client's behalf, based on agreed mandates.
- Advisory Management Mandate Investment service providing tailored recommendations from investment experts based on client objectives and risk profile, with clients retaining decision authority.
- Execution-Only Service Investment service allowing clients to retain full control over decisions while the bank executes their instructions seamlessly.
- ING Funds Range of investment funds tailored to different investor profiles managed within ING's fund platform.
- Life Insurance (via WEALINS)
- Visa Platinum
- Visa Gold
- Visa Classic
- Visa Business
- Visa Debit
- Savings Accounts
- Term Deposits
- ING Pension Plan
- Invest Plan
- My ING (Online Banking Platform)
- My ING Pro (Business Online Banking)
- Rental Deposit
- Visa Platinum Insurance Privileges
Quantifiable outcome
- Dedicated team of experts for wealth planning with international and multi-disciplinary experience on legal and tax matters
Companies that use ING Luxembourg
Customer profileNamed customers4 records
Segments4 records
Ideal customer profiles2 records
ING Luxembourg technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Integration1 record
Feature2 records
ING Luxembourg partnerships and signals
Strategic signalPartnerships
Five partnerships are on record, tiered core and minor.
- POST LuxembourgcoreReferral agreement for approximately 4,500 Business Banking clients transitioning to POST Luxembourg. Partnership provides preferential banking package for local SMEs, self-employed individuals and entrepreneurs. ING to contact clients with detailed instructions; transition process through fall 2026. Michael Burch, CEO of ING Luxembourg: 'By joining forces with POST Luxembourg we have a reliable local partner to support our Business Banking clients.'
- BGL BNP ParibascoreReferral agreement for 21,000 mass retail banking clients transitioning to BGL BNP Paribas. Exclusive offer includes easy account opening process and special conditions. Referral announced December 2024 and continued as final phase of retail client transition.
- WEALINScorePartnership with WEALINS for life insurance solutions offered to Private Banking clients. WEALINS provides comprehensive range of life insurance products for affluent families, private investors, expatriates, and entrepreneurs. ING Luxembourg positions life insurance as part of holistic wealth planning and estate planning strategies.
- Europ AssistanceminorPartnership for 24/7 personal and vehicle insurance assistance for Visa Platinum cardholders, available for personal or business travel both at home and abroad.
- ING Wholesale Banking NetworkcoreING Wholesale Banking Luxembourg is part of ING Group's wholesale banking network with offices in more than 35 countries, serving large corporates, investment funds, banks and insurance clients.
Scale indicators6 records
Recent moves6 records
Expansion highlights5 records
ING Luxembourg competitors and assessment
Company assessmentDirect peers
- Banque de Luxembourg: Luxembourg-headquartered private bank dedicated to wealth management for HNW individuals, offering discretionary/advisory mandates, wealth planning, and family office services — the closest direct competitor in ING Luxembourg's retained focus areas.
- Banque Internationale à Luxembourg (BIL): Universal bank in Luxembourg with a significant private banking franchise serving HNW clients through discretionary mandates and wealth planning; comparable in serving both domestic and international clients in the same market.
- Pictet Group: Swiss private bank with a major Luxembourg center (Pictet & Cie (Europe)) serving HNW/UHNW families with discretionary portfolio management and wealth structuring — directly comparable on cross-border wealth engineering.
- Edmond de Rothschild (Banque Privée): Geneva-headquartered private banking group with Luxembourg operations focused on UHNW wealth structuring, family office services, and intergenerational transfer — competing in the same niche as ING Luxembourg's wealth engineering offering.
- ABN AMRO Private Banking (Luxembourg): Dutch-headquartered bank with a Luxembourg private banking subsidiary serving international HNW clients with wealth planning and discretionary mandates — comparable Dutch-bank heritage and similar cross-border positioning.
Broad incumbents
- UBS Wealth Management (Luxembourg): Global wealth manager with a Luxembourg subsidiary serving HNW/UHNW clients via discretionary mandates and cross-border wealth planning — broader portfolio and global scale, but overlapping directly on Private Banking services.
- Deutsche Bank Wealth Management (Luxembourg): Global private bank with Luxembourg presence offering wealth management, investment advisory, and cross-border services to HNW clients — directly comparable service mix with broader group capabilities.
- HSBC Private Bank (Luxembourg): Private banking arm of HSBC Group operating in Luxembourg with discretionary mandates, wealth planning, and international wealth structuring — competing for the same cross-border HNW segment as ING Luxembourg.
- BNP Paribas Wealth Management: Major European bank's wealth arm with Luxembourg presence, offering HNW advisory, discretionary management, and estate planning — a broader incumbent competing directly in ING's retained segments.
- J.P. Morgan Private Bank (Luxembourg): Global private bank with Luxembourg operations offering investment management, wealth planning, and credit solutions to HNW/UHNW clients — directly comparable on Private Banking services with broader group capabilities.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks6 records
Key highlights7 records
Customer concentration
ING Luxembourg social profiles
Digital presenceING Luxembourg financial estimates
Financial estimateRevenue estimate
Valuation estimate
ING Luxembourg leadership team
Management profileNumber of profiles
Profiles2 records
ING Luxembourg subsidiaries and ownership
Company hierarchySubsidiaries1 record
ING Luxembourg funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
ING Luxembourg M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about ING Luxembourg
What does ING Luxembourg do?
ING Luxembourg S.A. is a private banking and wholesale banking institution operating as ING Group's Center of Excellence for Private Banking in Luxembourg. It provides wealth planning, investment management, and bespoke advisory services to high-net-worth individuals, while also serving large corporates, investment funds, banks, and insurance clients through specialized lending, hedging, payment and cash management, and depositary and custody services. The bank is undergoing a strategic transformation, having phased out mass retail and business banking to focus exclusively on Private Banking and Wholesale Banking activities.
Is ING Luxembourg a public or private company?
ING Luxembourg is a private company. It is classified as corporate owned and is currently operating.
When was ING Luxembourg founded?
ING Luxembourg was founded in 1960. It employs 501 to 1,000 people.
Where is ING Luxembourg based?
ING Luxembourg is headquartered in Luxembourg, Luxembourg, in the Europe region.
How does ING Luxembourg make money?
Three revenue lines are on record. Private Banking Services are the primary driver. The others are wholesale Banking Services and life Insurance Distribution.
Who are ING Luxembourg's main competitors?
Direct peers on record are Banque de Luxembourg, Banque Internationale à Luxembourg (BIL), Pictet Group, Edmond de Rothschild (Banque Privée) and ABN AMRO Private Banking (Luxembourg). Broad incumbents are UBS Wealth Management (Luxembourg), Deutsche Bank Wealth Management (Luxembourg), HSBC Private Bank (Luxembourg), BNP Paribas Wealth Management and J.P. Morgan Private Bank (Luxembourg).
Does ING Luxembourg have an API?
No public API is recorded for ING Luxembourg.
What industry is ING Luxembourg in?
ING Luxembourg's product category is Private & Wholesale Banking. Its primary akta.pro industry code is FSABADAD, Private Banking Advisory & Discretionary Portfolio Management, with a secondary code of FSAAABAB, Offshore & International Private Banking. Its NAICS code is 522110 and its SIC code is 6282.