A direct bank (sometimes called a branch-less bank or virtual bank ) is a bank that offers its services only via the Internet, mobile app , email, and other electronic means, often including telephone, online chat, and mobile check deposit. A direct bank has no branch network . It may offer access to an independent banking agent network and may also provide access via ATMs (often through interbank network alliances), and bank by mail . Direct banks eliminate the costs of maintaining a branch network while offering convenience to customers who prefer digital technology. Direct banks provide some but not all of the services offered by physical banks.
127-485: The ING Group ( Dutch : ING Groep ) is a Dutch multinational banking and financial services corporation headquartered in Amsterdam . Its primary businesses are retail banking, direct banking, commercial banking, investment banking, wholesale banking, private banking, asset management, and insurance services. With total assets of US$ 967.8 billion, it is one of the biggest banks in the world, and consistently ranks among
254-461: A schwa . The Middle Dutch dialect areas were affected by political boundaries. The sphere of political influence of a certain ruler often also created a sphere of linguistic influence, with the language within the area becoming more homogenous. Following the contemporary political divisions they are in order of importance: A process of standardisation started in the Middle Ages , especially under
381-486: A Dutch exonym for the various German dialects used in neighboring German states. Use of Nederduytsch was popular in the 16th century but ultimately lost out over Nederlands during the close of the 18th century, with (Hoog)Duytsch establishing itself as the Dutch exonym for German during this same period. In the 19th century Germany saw the rise of the categorisation of dialects, with German dialectologists terming
508-511: A comparison between the West Germanic languages, see the sections Phonology, Grammar, and Vocabulary. Dutch dialects are primarily the dialects that are both related with the Dutch language and are spoken in the same language area as the Dutch standard language . Although heavily under the influence of the standard language, some of them remain diverse and are found in the Netherlands and in
635-624: A differentiation with the Central and High Franconian in Germany. The latter would as a consequence evolve (along with Alemannic , Bavarian and Lombardic ) into Old High German. At more or less the same time the Ingvaeonic nasal spirant law, moving over Western Europe from west to east, led to the development of Old English (or Anglo-Saxon), Old Frisian and Old Saxon . Hardly influenced by either development, Old Dutch probably remained relatively close to
762-466: A direct (i.e., online-only) bank. In the United States, direct banks are distinctly different from neobanks . Neobanks are online-only banking providers without federal banking charters, instead providing a website while relying on a partner bank to hold funds. Often, the partner banks will be Durbin exempt . Their customers tend to be younger people who are more price sensitive to bank fees. One of
889-517: A fifth of the Indonesian language can be traced to Dutch, including many loan words . Indonesia's Civil Code has not been officially translated, and the original Dutch language version dating from colonial times remains the authoritative version. Up to half a million native speakers reside in the United States, Canada and Australia combined, and historical linguistic minorities on the verge of extinction remain in parts of France and Germany. Dutch
1016-493: A hypothesis by De Grauwe, In northern West Francia (i.e. modern-day Belgium) the term would take on a new meaning during the Early Middle Ages , when, within the context of a highly dichromatic linguistic landscape, it came to be the antonym of *walhisk (Romance-speakers, specifically Old French ). The word, now rendered as dietsc (Southwestern variant) or duutsc (Central and Northern Variant), could refer to
1143-516: A minority language in Germany and northern France's French Flanders . Though Belgium as a whole is multilingual, three of the four language areas into which the country is divided ( Flanders , francophone Wallonia , and the German-speaking Community ) are largely monolingual, with Brussels being bilingual. The Netherlands and Belgium produce the vast majority of music , films , books and other media written or spoken in Dutch. Dutch
1270-657: A minority) and the province of Walloon Brabant . Brabantian expands into small parts in the west of Limburg while its strong influence on the East Flemish of East Flanders and eastern Zeelandic Flanders weakens towards the west. In a small area in the northwest of North Brabant ( Willemstad ), Hollandic is spoken. Conventionally, the Kleverlandish dialects are distinguished from Brabantian, but there are no objective criteria apart from geography to do so. Over 5 million people live in an area with some form of Brabantian being
1397-420: A number of closely related, mutually intelligible dialects spoken in the former Old Dutch area. Where Old Dutch fragments are very hard to read for untrained Modern Dutch speakers, the various literary works of Middle Dutch are somewhat more accessible. The most notable difference between Old and Middle Dutch is in a feature of speech known as vowel reduction , whereby vowels in unstressed syllables are leveled to
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#17328633667461524-488: A perfect West Germanic dialect continuum remained present; the division reflects the contingent future contribution dialect groups would have to the later languages. The early form of Dutch was a set of Franconian dialects spoken by the Salian Franks in the 5th century. These happened to develop through Middle Dutch to Modern Dutch over the course of fifteen centuries. During that period, they forced Old Frisian back from
1651-566: A political border, because the traditional dialects are strongly influenced by the national standard varieties. While a somewhat heterogeneous group of Low Franconian dialects, Limburgish has received official status as a regional language in the Netherlands and Germany, but not in Belgium. Due to this official recognition, it receives protection by chapter 2 of the European Charter for Regional or Minority Languages . Afrikaans , although to
1778-444: A range of products, from cash management to corporate finance. Elsewhere, it takes a more selective approach to clients and products. ING Wholesale Banking was strengthened in 1995, when ING took over Barings Bank . This acquisition increased the brand recognition of ING around the world and strengthened its Wholesale Banking presence in the emerging markets. Following the acquisition and up until 2004, ING's investment banking division
1905-505: A result, when West Flemings try to talk Standard Dutch, they are often unable to pronounce the g-sound, and pronounce it similar to the h-sound. This leaves, for example, no difference between " held " (hero) and " geld " (money). Or in some cases, they are aware of the problem, and hyper-correct the "h" into a voiced velar fricative or g-sound, again leaving no difference. The West Flemish variety historically spoken in adjacent parts in France
2032-644: A revolution is when the Dutch standard language emerged and quickly established itself. The development of the Dutch language is illustrated by the following sentence in Old, Middle and Modern Dutch: Among the Indo-European languages , Dutch is grouped within the Germanic languages , meaning it shares a common ancestor with languages such as English, German, and the Scandinavian languages . All Germanic languages are subject to
2159-516: A significant degree mutually intelligible with Dutch, is usually not considered a dialect but instead a separate standardised language . It is spoken in South Africa and Namibia. As a daughter language of 17th-century Dutch dialects, Afrikaans evolved in parallel with modern Dutch, but was influenced by various other languages in South Africa. West Frisian ( Westerlauwers Fries ), along with Saterland Frisian and North Frisian , evolved from
2286-473: A somewhat different development since the late Middle Ages. Two dialect groups have been given the official status of regional language (or streektaal ) in the Netherlands. Like several other dialect groups, both are part of a dialect continuum that continues across the national border. The Dutch Low Saxon dialect area comprises the provinces of Groningen , Drenthe and Overijssel , as well as parts of
2413-424: A source language, mainly for law and history students. In Indonesia this involves about 35,000 students. Unlike other European nations, the Dutch chose not to follow a policy of language expansion amongst the indigenous peoples of their colonies. In the last quarter of the 19th century, however, a local elite gained proficiency in Dutch so as to meet the needs of expanding bureaucracy and business. Nevertheless,
2540-467: A traditional banking infrastructure, such as a branch network, a cost-saving feature that allowed many of them to offer savings accounts with higher interest rates and loans with lower interest rates than most traditional banks. However, there was initial consumer hesitation in conducting monetary transactions over the Internet, especially with an entity that they could not deal with face-to-face. One of
2667-538: A unique prestige dialect and has a large dialectal continuum consisting of 28 main dialects, which can themselves be further divided into at least 600 distinguishable varieties. In the Netherlands, the Hollandic dialect dominates in national broadcast media while in Flanders Brabantian dialect dominates in that capacity, making them in turn unofficial prestige dialects in their respective countries. Outside
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#17328633667462794-504: Is Nederlands (historically Nederlandsch before the Dutch orthographic reforms ). Sometimes Vlaams (" Flemish ") is used as well to describe Standard Dutch in Flanders , whereas Hollands (" Hollandic ") is occasionally used as a colloquial term for the standard language in the central and northwestern parts of the Netherlands. English uses the adjective Dutch as a noun for
2921-531: Is kantor , handdoek "towel" in Indonesian is handuk , or bushalte "bus stop" in Indonesian is halte bus . In addition, many Indonesian words are calques of Dutch; for example, rumah sakit "hospital" is calqued on the Dutch ziekenhuis (literally "sickhouse"), kebun binatang "zoo" on dierentuin (literally "animal garden"), undang-undang dasar "constitution" from grondwet (literally "ground law"). These account for some of
3048-400: Is Sranan Tongo , spoken natively by about a fifth of the population. Direct bank Direct bank transactions are conducted entirely online. Direct banks are not the same as " online banking ". Online banking is an Internet-based option offered by regular banks. In the United States, direct banks are defined as online/branchless institutions with federal banking charters, with either
3175-531: Is a monocentric language , at least what concerns its written form, with all speakers using the same standard form (authorised by the Dutch Language Union ) based on a Dutch orthography defined in the so-called " Green Booklet " authoritative dictionary and employing the Latin alphabet when writing; however, pronunciation varies between dialects. Indeed, in stark contrast to its written uniformity, Dutch lacks
3302-399: Is a division of ING Bank (Australia) Limited. ING-DiBa is Germany's third biggest bank by the number of customers (c. 9 million). In 2016, the bank reported total assets of €158 billion and had around 3,900 employees. ING bought 49% of Allgemeine Deutsche Direktbank AG in 1998, which as of 1989 traded as DiBa. It acquired a further 21% of the company in 2002 and the remainder by 2003. By 2007,
3429-779: Is a reference to the Low Countries' downriver location at the Rhine–Meuse–Scheldt delta near the North Sea . From 1551, the designation Nederlands received strong competition from the name Nederduytsch (literally "Low Dutch", Dutch being used in its archaic sense covering all continental West Germanic languages). It is a calque of the aforementioned Roman province Germania Inferior and an attempt by early Dutch grammarians to give their language more prestige by linking it to Roman times. Likewise, Hoogduits ("High German") and Overlands ("Upper-landish") came into use as
3556-521: Is also an official language of several international organisations, such as the European Union , Union of South American Nations and the Caribbean Community . At an academic level, Dutch is taught in about 175 universities in 40 countries. About 15,000 students worldwide study Dutch at university. In Europe, Dutch is the majority language in the Netherlands (96%) and Belgium (59%) as well as
3683-550: Is directly supervised by the European Central Bank . In 2020, ING had 53.2 million clients in more than 40 countries. The company is a component of the Euro Stoxx 50 stock market index . The long-term debt for the company as of December 2019 is €150 billion. ING is an abbreviation for Internationale Nederlanden Groep ( lit. ' International Netherlands Group ' ). The orange lion on ING's logo alludes to
3810-578: Is found in the Salic law . In this Frankish document written around 510 the oldest Dutch sentence has been identified: Maltho thi afrio lito ("I say to you, I free you, serf") used to free a serf. Another old fragment of Dutch is Visc flot aftar themo uuatare ("A fish was swimming in the water"). The oldest conserved larger Dutch text is the Utrecht baptismal vow (776–800) starting with Forsachistu diobolae ... ec forsacho diabolae (litt.: "Forsake you
3937-527: Is headed jointly by Maurits Duynstee (Head of Corporate Finance, Continental Western Europe) and Pierre Chabrelie (Head of Corporate Finance, UK and CEE). ING Corporate Finance has a strong presence in Russia and Central and Eastern Europe. ING's insurance business operates throughout America, Asia and Europe. In 2009, ING announced plans to separate its insurance business from its main banking operations through two IPO's, one for Europe and Asia and another one for
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4064-617: Is mostly recorded on fragmentary relics, and words have been reconstructed from Middle Dutch and Old Dutch loanwords in French. Old Dutch is regarded as the primary stage in the development of a separate Dutch language. It was spoken by the descendants of the Salian Franks who occupied what is now the southern Netherlands , northern Belgium , part of northern France, and parts of the Lower Rhine regions of Germany. The High German consonant shift, moving over Western Europe from south to west, caused
4191-485: Is one of the closest relatives of both German and English, and is colloquially said to be "roughly in between" them. Dutch, like English, has not undergone the High German consonant shift , does not use Germanic umlaut as a grammatical marker, has largely abandoned the use of the subjunctive , and has levelled much of its morphology , including most of its case system . Features shared with German, however, include
4318-556: Is so distinct that it might be considered as a separate language variant, although the strong significance of language in Belgian politics would prevent the government from classifying them as such. An oddity of the dialect is that, the voiced velar fricative (written as "g" in Dutch) shifts to a voiced glottal fricative (written as "h" in Dutch), while the letter "h" becomes mute (like in French). As
4445-573: Is sometimes called French Flemish and is listed as a French minority language . However, only a very small and aging minority of the French-Flemish population still speaks and understands West Flemish. Hollandic is spoken in Holland and Utrecht , though the original forms of this dialect (which were heavily influenced by a West Frisian substratum and, from the 16th century on, by Brabantian dialects ) are now relatively rare. The urban dialects of
4572-614: Is spoken in Limburg (Belgium) as well as in the remaining part of Limburg (Netherlands) and extends across the German border. West Flemish ( Westvlaams ) is spoken in West Flanders , the western part of Zeelandic Flanders and also in French Flanders , where it virtually became extinct to make way for French. The West Flemish group of dialects, spoken in West Flanders and Zeeland ,
4699-575: Is taught in various educational centres in Indonesia, the most important of which is the Erasmus Language Centre (ETC) in Jakarta . Each year, some 1,500 to 2,000 students take Dutch courses there. In total, several thousand Indonesians study Dutch as a foreign language. Owing to centuries of Dutch rule in Indonesia, many old documents are written in Dutch. Many universities therefore include Dutch as
4826-414: Is the third most spoken Germanic language. In Europe, Dutch is the native language of most of the population of the Netherlands and Flanders (which includes 60% of the population of Belgium ). Dutch was one of the official languages of South Africa until 1925, when it was replaced by Afrikaans , a separate but partially mutually intelligible daughter language of Dutch. Afrikaans, depending on
4953-404: Is the case with the ( standardised ) West Frisian language . It is spoken alongside Dutch in the province of Friesland . Dutch dialects and regional languages are not spoken as often as they used to be, especially in the Netherlands. Recent research by Geert Driessen shows that the use of dialects and regional languages among both Dutch adults and youth is in heavy decline. In 1995, 27 percent of
5080-440: Is the new name for ING Commercial Banking as of 20 January 2016. The new name better reflects the large corporate and institutional, international offering that makes up the vast majority of ING WB's business. ING's Corporate Finance department advises businesses on important corporate transactions, including mergers and acquisitions, initial public offerings, secondary offerings, share buy-backs and management buy-outs. The division
5207-525: Is the sole official language, and over 60 percent of the population speaks it as a mother tongue . Dutch is the obligatory medium of instruction in schools in Suriname, even for non-native speakers. A further twenty-four percent of the population speaks Dutch as a second language . Suriname gained its independence from the Netherlands in 1975 and has been an associate member of the Dutch Language Union since 2004. The lingua franca of Suriname, however,
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5334-528: The Nationale-Nederlanden insurance company. Nationale-Nederlanden expanded significantly during the 1970s and 1980s. In 1881, the Dutch government created the Rijkspostspaarbank , a postal savings system to encourage workers to start saving. Four decades later, they added Postcheque and Girodienst services allowing working families to make payments via post offices. Separately in 1927,
5461-519: The 2006 New Zealand census , 26,982 people, or 0.70 percent of the total population, reported to speak Dutch to sufficient fluency that they could hold an everyday conversation. In contrast to the colonies in the East Indies , from the second half of the 19th century onwards, the Netherlands envisaged the expansion of Dutch in its colonies in the West Indies . Until 1863, when slavery was abolished in
5588-450: The Brussels and Flemish regions of Belgium . The areas in which they are spoken often correspond with former medieval counties and duchies. The Netherlands (but not Belgium) distinguishes between a dialect and a streektaal (" regional language "). Those words are actually more political than linguistic because a regional language unites a large group of very different varieties. Such is
5715-473: The Dutch Language Union . The Dutch Caribbean municipalities ( St. Eustatius , Saba and Bonaire ) have Dutch as one of the official languages. In Asia, Dutch was used in the Dutch East Indies (now mostly Indonesia ) by a limited educated elite of around 2% of the total population, including over 1 million indigenous Indonesians, until it was banned in 1957, but the ban was lifted afterwards. About
5842-590: The Grimm's law and Verner's law sound shifts, which originated in the Proto-Germanic language and define the basic features differentiating them from other Indo-European languages. This is assumed to have taken place in approximately the mid-first millennium BCE in the pre-Roman Northern European Iron Age . The Germanic languages are traditionally divided into three groups: East (now extinct), West , and North Germanic. They remained mutually intelligible throughout
5969-579: The Low Franconian languages, paired with its sister language Limburgish or East Low Franconian. Its closest relative is the mutually intelligible daughter language Afrikaans. Other West Germanic languages related to Dutch are German , English and the un-standardised languages Low German and Yiddish . Dutch stands out in combining some Ingvaeonic characteristics (occurring consistently in English and Frisian and reduced in intensity from west to east over
6096-591: The Migration Period . Dutch is part of the West Germanic group, which also includes English, Scots , Frisian , Low German (Old Saxon) and High German . It is characterised by a number of phonological and morphological innovations not found in North or East Germanic. The West Germanic varieties of the time are generally split into three dialect groups: Ingvaeonic (North Sea Germanic), Istvaeonic (Weser–Rhine Germanic) and Irminonic (Elbe Germanic). It appears that
6223-526: The Randstad , which are Hollandic dialects, do not diverge from standard Dutch very much, but there is a clear difference between the city dialects of Rotterdam , The Hague , Amsterdam and Utrecht . In some rural Hollandic areas more authentic Hollandic dialects are still being used, especially north of Amsterdam. Another group of dialects based on Hollandic is that spoken in the cities and larger towns of Friesland , where it partially displaced West Frisian in
6350-707: The Silesian Bank 's majority shareholder . In 2001 Bank Śląski merged with ING Bank N.V. Branch in Warsaw . Since then, the bank is operating under the name of ING Bank Śląski . ING offers branchless banking with operations in Australia, Italy, Spain, Germany and Austria. It offers services over the counter, web, phone, ATM or by mail. The service concentrates on simple interest-bearing savings accounts for retail customers. Originally created as ING Direct , these branches were renamed to ING between 2017 and 2019. ING in Australia
6477-526: The Southern Netherlands (now Belgium and Luxembourg), developments were different. Under subsequent Spanish , Austrian and French rule , the standardisation of Dutch language came to a standstill. The state, law, and increasingly education used French, yet more than half the Belgian population were speaking a variety of Dutch. In the course of the 19th century, the Flemish Movement stood up for
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#17328633667466604-471: The continental West Germanic plane) with dominant Istvaeonic characteristics, some of which are also incorporated in German. Unlike German, Dutch (apart from Limburgish) has not been influenced at all by the south to north movement of the High German consonant shift and had some changes of its own. The cumulation of these changes resulted over time in separate, but related standard languages with various degrees of similarities and differences between them. For
6731-434: The differences in vocabulary between Indonesian and Malay. Some regional languages in Indonesia have some Dutch loanwords as well; for example, Sundanese word Katel or "frying pan" origin in Dutch is " ketel ". The Javanese word for "bike/ bicycle " " pit " can be traced back to its origin in Dutch " fiets ". The Malacca state of Malaysia was also colonized by the Dutch in its longest period that Malacca
6858-460: The largest banks globally . ING is the Dutch member of the Inter-Alpha Group of Banks , a co-operative consortium of 11 prominent European banks. Since the creation in 2012, ING Bank is a member in the list of global systemically important banks . It has been designated as a Significant Institution since the entry into force of European Banking Supervision in late 2014, and as a consequence
6985-512: The 14th to 15th century onward, its urban centers ( Deventer , Zwolle , Kampen , Zutphen and Doesburg ) have been increasingly influenced by the western written Dutch and became a linguistically mixed area. From the 17th century onward, it was gradually integrated into the Dutch language area. Dutch Low Saxon used to be at one end of the Low German dialect continuum . However, the national border has given way to dialect boundaries coinciding with
7112-531: The 16th century and is known as Stadsfries ("Urban Frisian"). Hollandic together with inter alia Kleverlandish and North Brabantian , but without Stadsfries, are the Central Dutch dialects . Brabantian is named after the historical Duchy of Brabant , which corresponded mainly to the provinces of North Brabant and southern Gelderland , the Belgian provinces of Antwerp and Flemish Brabant , as well as Brussels (where its native speakers have become
7239-539: The Dutch Government. The plan supplied €10 billion (US$ 13.5 billion) to the operation, in exchange for securities and veto rights on major operational changes and investments. The European Commission also required ING to divest itself of its insurance and investment management operations by the end of 2013 as a condition of approving the state aid. In December 2009, ING raised €7.3 billion through share issues, and repurchased securities representing half of
7366-417: The Dutch adult population spoke a dialect or regional language on a regular basis, but in 2011, that was no more than 11 percent. In 1995, 12 percent of children of primary school age spoke a dialect or regional language, but in 2011, that had declined to four percent. Of the officially recognised regional languages Limburgish is spoken the most (in 2011 among adults 54%, among children 31%) and Dutch Low Saxon
7493-499: The Dutch government initiated a re-organization of Dutch banks which resulted in the creation of the Nederlandsche Middenstands Bank (NMB) . NMB provided retail banking services in the Netherlands and abroad. In 1986, post office banking services were privatized as Postbank N.V. and three years later it would merge with NMB bank to form NMB Postbank Groep . In 1991, the banking business of NMB Postbank Groep and
7620-479: The Dutch government remained reluctant to teach Dutch on a large scale for fear of destabilising the colony. Dutch, the language of power, was supposed to remain in the hands of the leading elite. After independence, Dutch was dropped as an official language and replaced by Indonesian , but this does not mean that Dutch has completely disappeared in Indonesia: Indonesian Dutch , a regional variety of
7747-533: The Dutch language itself, as well as a broader Germanic category depending on context. During the High Middle Ages " Dietsc / Duutsc " was increasingly used as an umbrella term for the specific Germanic dialects spoken in the Low Countries , its meaning being largely implicitly provided by the regional orientation of medieval Dutch society: apart from the higher echelons of the clergy and nobility, mobility
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#17328633667467874-415: The Dutch standard language is largely absent, and speakers of these Dutch dialects will use German or French in everyday speech. Dutch is not afforded legal status in France or Germany, either by the central or regional public authorities, and knowledge of the language is declining among younger generations. As a foreign language , Dutch is mainly taught in primary and secondary schools in areas adjacent to
8001-524: The Dutch standard language, it is not mutually intelligible with Dutch and considered a sister language of Dutch, like English and German. Approximate distribution of native Dutch speakers worldwide: Dutch is an official language of the Netherlands proper (not enshrined in the constitution but in administrative law ), Belgium, Suriname, the Dutch Caribbean municipalities (St. Eustatius, Saba and Bonaire), Aruba , Curaçao and Sint Maarten . Dutch
8128-408: The Dutch, was still spoken by about 500,000 half-blood in Indonesia in 1985. Yet the Indonesian language inherited many words from Dutch: words for everyday life as well as scientific and technological terms. One scholar argues that 20% of Indonesian words can be traced back to Dutch words, many of which are transliterated to reflect phonetic pronunciation e.g. kantoor "office" in Indonesian
8255-864: The EU demanded changes to the company structure, including the sale of insurance businesses in Latin America, Asia, Canada, Australia and New Zealand and ING Direct units in the US, Canada and the UK. This included the sale of the ING Direct US operations to Capital One , ING Direct Canada to Scotiabank (d/b/a Tangerine ) and the ING Direct UK operations to Barclays bank in 2012. The spun-off insurance businesses in North America were renamed Voya Financial in 2014. In April 2016, ING sold
8382-825: The European Commission in 2012. In July 2011, ING sold all its Latin American insurance operations to the Colombian insurance company Grupo Sura for US$ 3.85 billion, excluding ING's 36 percent holding in Brazilian insurer SulAmérica Seguros , which was sold at a later date. The actions were in line with EU demands to split the Group's banking and insurance operations as a condition of Dutch state aid. In 2013, ING reduced its stake in SulAmérica Seguros by 7.2%. On 12 June 2012,
8509-744: The Federal Reserve Board, the Office of the Comptroller of the Currency or the Federal Deposit Insurance Corporation (FDIC) as their primary regulator. Many direct banks are insured by the FDIC and offer the same level of protection for the customers' funds as traditional banks, although it is important to verify if this is true. As of 2022 , 27% of banking customers in the United States use
8636-533: The Frankish tribes fit primarily into the Istvaeonic dialect group with certain Ingvaeonic influences towards the northwest, which are still seen in modern Dutch. The Frankish language itself is not directly attested, the only possible exception being the Bergakker inscription , found near the Dutch city of Tiel , which may represent a primary record of 5th-century Frankish. Although some place names recorded in Roman texts such as vadam (modern Dutch: wad , English: "mudflat"), could arguably be considered as
8763-407: The German dialects spoken in the mountainous south of Germany as Hochdeutsch ("High German"). Subsequently, German dialects spoken in the north were designated as Niederdeutsch ("Low German"). The names for these dialects were calqued by Dutch linguists as Nederduits and Hoogduits . As a result, Nederduits no longer serves as a synonym for the Dutch language. In the 19th century,
8890-403: The Low Countries. In fact, Old Frankish could be reconstructed from Old Dutch and Frankish loanwords in Old French. The term Old Dutch or Old Low Franconian refers to the set of Franconian dialects (i.e. West Germanic varieties that are assumed to have evolved from Frankish ) spoken in the Low Countries during the Early Middle Ages , from around the 5th to the 12th century. Old Dutch
9017-472: The Netherlands and Flanders . In French-speaking Belgium , over 300,000 pupils are enrolled in Dutch courses, followed by over 23,000 in the German states of Lower Saxony and North Rhine-Westphalia , and about 7,000 in the French region of Nord-Pas-de-Calais (of which 4,550 are in primary school). At an academic level, the largest number of faculties of neerlandistiek can be found in Germany (30 universities), followed by France (20 universities) and
9144-412: The Netherlands and Belgium, the dialect spoken in and around the German town of Kleve ( Kleverlandish ) is historically and genetically a Low Franconian variety. In North-Western France, the area around Calais was historically Dutch-speaking (West Flemish), of which an estimated 20,000 are daily speakers. The cities of Dunkirk , Gravelines and Bourbourg only became predominantly French-speaking by
9271-499: The Netherlands of 1845") was founded. It grew to be the leading Dutch insurance company with branches outside the Netherlands (139 the world over by 1900). It later changed its name to "De Nederlanden van 1845". Two decades later, in 1863, the life insurance company Nationale Levensverzekerings Bank ("National Life Insurance Bank") was founded in Rotterdam. These two insurance companies made multiple acquisitions, and in 1963 merged to form
9398-539: The Netherlands, ING is the largest retail bank by market share, holding 40% of current account deposits, and by total assets. ING is followed by Rabobank (30%), ABN AMRO (20%), and others (10%). ING Belgium is the Belgian subsidiary of ING Group. The bank was formerly known as Bank Brussel Lambert (BBL) which became part of ING Group in 1998. It provides retail and commercial banking services to individuals and businesses in Belgium, together with related financial products such as insurance and asset management. BBL
9525-530: The Netherlands, although there are recognisable differences in pronunciation, comparable to the pronunciation differences between standard British and standard American English. In 1980 the Netherlands and Belgium concluded the Language Union Treaty . This treaty lays down the principle that the two countries must gear their language policy to each other, among other things, for a common system of spelling. Dutch belongs to its own West Germanic sub-group,
9652-439: The Netherlands, in processing US dollar payments and trade finance transactions through the United States. In addition, ING Bank's senior management in France authorised, advised in the creation of, and ultimately provided fraudulent endorsement stamps for use by Cuban financial institutions in processing travelers check transactions, which disguised the involvement of Cuban banks in these transactions when they were processed through
9779-767: The US Department of the Treasury's Office of Foreign Assets Control announced a US$ 619 million settlement with ING Bank N.V. to settle potential liability for conspiring to violate the International Emergency Economic Powers Act (IEEPA) and the Trading with the Enemy Act (TWEA) and for violating New York state laws by illegally moving billions of dollars through the U.S. financial system on behalf of sanctioned Cuban and Iranian entities. ING Bank settled at
9906-453: The US. ING Bank's Trade and Commodity Finance business at its Wholesale Banking branch in the Netherlands routed payments made on behalf of US-sanctioned Cuban clients through other corporate clients to obscure the sanctioned clients' identities and its Romanian branch omitted details from a letter of credit involving a US financial institution to finance the exportation of US-origin goods to Iran. Other notable activities: In 2013, ING U.S.
10033-481: The US. The EuroAsia IPO has been delayed while the US IPO is supposed to be completed by the end of 2012. Analysts estimate that the insurance arm is worth up to €16 billion. As of February 2009, ING Canada (the insurance arm) is no longer a subsidiary of ING Group. ING Group's 70% equity interest was spun off for US$ 2.2 billion. The company (which has an 11% share of Canada's property and casualty insurance market)
10160-596: The United Kingdom (5 universities). Despite the Dutch presence in Indonesia for almost 350 years, as the Asian bulk of the Dutch East Indies , the Dutch language has no official status there and the small minority that can speak the language fluently are either educated members of the oldest generation, or employed in the legal profession such as historians, diplomats, lawyers, jurists and linguists/polyglots, as certain law codes are still only available in Dutch. Dutch
10287-603: The West Indies, slaves were forbidden to speak Dutch, with the effect that local creoles such as Papiamento and Sranan Tongo which were based not on Dutch but rather other European languages, became common in the Dutch West Indies. However, as most of the people in the Colony of Surinam (now Suriname ) worked on Dutch plantations, this reinforced the use of Dutch as a means for direct communication. In Suriname today, Dutch
10414-565: The acquisition of ReliaStar and Aetna 's Financial Services unit. It also acquired the Polish Bank Śląski and Mexican insurance company Seguros Comercial América . The 1995 purchase of Barings Bank for one pound after its dramatic failure led to a boost in the company's investment banking business. Expanding its retail banking business overseas, ING used the direct banking business model it had developed with NMB Postbank to launch direct banking in other countries. The first of these
10541-420: The bank was negligent in preventing money laundering. Between 2010 and 2016, clients misused accounts at ING to launder hundreds of millions of euros. In February 2018, ING bought fintech company Payvision founded by Rudolf Booker for 350 million. As of 2022, ING operates in the following countries: Following the separation of ING Group into ING Bank and ING Insurance, the head office of ING Bank and ING Group
10668-614: The borders of other standard language areas. In most cases, the heavy influence of the standard language has broken the dialect continuum . Examples are the Gronings dialect spoken in Groningen as well as the closely related varieties in adjacent East Frisia (Germany). Kleverlandish is a dialect spoken in southern Gelderland , the northern tip of Limburg , and northeast of North Brabant (Netherlands), but also in adjacent parts of North Rhine-Westphalia (Germany). Limburgish ( Limburgs )
10795-418: The business district of Zuidas in Amsterdam , Netherlands from 2012 to 2014. It was designed by Roberto Meyer and Jeroen van Schooten ( Meyer en Van Schooten [ nl ] ) and was officially opened on 16 September 2002 by then Prince Willem-Alexander of the Netherlands . In October 2008, in a move to increase its core Tier 1 capital ratio above 8%, ING Group accepted a capital injection plan from
10922-472: The case with the Gronings dialect , which is considered a variety of the Dutch Low Saxon regional language, but it is relatively distinct from other Dutch Low Saxon varieties. Also, some Dutch dialects are more remote from the Dutch standard language than some varieties of a regional language are. Within the Netherlands, a further distinction is made between a regional language and a separate language, which
11049-611: The common people". The term was used as opposed to Latin , the non -native language of writing and the Catholic Church . It was first recorded in 786, when the Bishop of Ostia writes to Pope Adrian I about a synod taking place in Corbridge , England , where the decisions are being written down " tam Latine quam theodisce " meaning "in Latin as well as common vernacular". According to
11176-683: The company was trading under the name ING-DiBa. In November 2018, the bank changed its brand name to ING. Founded in 2001, ING in Italy has around 1.3 million customers. It is currently opening its own "bank shops" in the major towns, where customers can operate services on usual web channels, assisted or not by branch operators, and use advanced teller machines for cash and check transactions. Operates exclusively through mobile app. ING has two offices in Taguig, Metro Manila; World Plaza Building and Arthaland Century Pacific Tower. Mobile system started in 2019 prior to
11303-483: The declaration of independence of Indonesia, Western New Guinea , the "wild east" of the Dutch East Indies , remained a Dutch colony until 1962, known as Netherlands New Guinea . Despite prolonged Dutch presence, the Dutch language is not spoken by many Papuans, the colony having been ceded to Indonesia in 1963. Dutch-speaking immigrant communities can also be found in Australia and New Zealand. The 2011 Australian census showed 37,248 people speaking Dutch at home. At
11430-596: The definition used, may be considered a sister language , spoken, to some degree, by at least 16 million people, mainly in South Africa and Namibia , and evolving from Cape Dutch dialects. In South America, it is the native language of the majority of the population of Suriname , and spoken as a second or third language in the polyglot Caribbean island countries of Aruba , Curaçao and Sint Maarten . All these countries have recognised Dutch as one of their official languages, and are involved in one way or another in
11557-469: The devil? ... I forsake the devil"). If only for its poetic content, the most famous Old Dutch sentence is probably Hebban olla vogala nestas hagunnan, hinase hic enda tu, wat unbidan we nu ("All birds have started making nests, except me and you, what are we waiting for"), is dated to around the year 1100, written by a Flemish monk in a convent in Rochester , England . Since the sentence speaks to
11684-482: The end of the 19th century. In the countryside, until World War I , many elementary schools continued to teach in Dutch, and the Catholic Church continued to preach and teach the catechism in Dutch in many parishes. During the second half of the 19th century, Dutch was banned from all levels of education by both Prussia and France and lost most of its functions as a cultural language. In both Germany and France,
11811-635: The first direct banks in the United States was the Security First Network Bank (SFNB), launched in October 1995, and was the first direct bank to be insured by the Federal Deposit Insurance Corporation . While SFNB did not make much profit in its initial years, it demonstrated that the concept of direct banking could work. Some direct banks focused only on online savings accounts , providing higher interest rates than traditional banks for customers who were happy to only have access to their account on
11938-455: The group's Dutch origins. ING Group traces its roots to two major insurance companies in the Netherlands and the banking services of the Dutch government. In 1991, the insurance branch of Nationale-Nederlanden and the banking branch of "NMB Postbank Groep" merged. NMB stands for "Nederlandsche Middenstands Bank". In 1845, the fire insurance company Assurantie Maatschappij tegen Brandschade de Nederlanden van 1845 ("Fire Insurance Company of
12065-415: The imagination, it is often erroneously stated as the oldest Dutch sentence. Old Dutch naturally evolved into Middle Dutch . The year 1150 is often cited as the time of the discontinuity, but it actually marks a time of profuse Dutch writing; during this period a rich Medieval Dutch literature developed. There was at that time no overarching standard language ; Middle Dutch is rather a collective name for
12192-685: The influence of the Burgundian Ducal Court in Dijon ( Brussels after 1477). The dialects of Flanders and Brabant were the most influential around this time. The process of standardisation became much stronger at the start of the 16th century, mainly based on the urban dialect of Antwerp . The 1585 fall of Antwerp to the Spanish army led to a flight to the northern Netherlands, where the Dutch Republic declared its independence from Spain. This influenced
12319-501: The instruction of senior bank management, ING Bank employees in Curaçao began processing payments for ING Bank's Cuban banking operations through its branch in Curaçao on behalf of Cuban customers without reference to the payments' origin. The practice of removing and omitting such information was used by other branches of ING Bank's Wholesale Banking Division, including in France, Belgium, and
12446-618: The insurance business of Nationale-Nederlanden were merged to create ING Group . Since the ING Group was founded, it has made many acquisitions: ING Group expanded its international business through several acquisitions through the 1990s including the Belgian bank Banque Bruxelles Lambert (BBL) in 1998, US-based insurance company Equitable of Iowa and the commercial bank Furman Selz . It also acquired Frankfurt-based BHF-Bank in 1999, although it disposed of this later. It increased its Latin American and Asia Pacific insurance businesses with
12573-617: The internet. One of the first and most successful adopters of this was ING Direct that launched Tangerine Bank in Canada in 1997, expanding this to the United Kingdom, Australia, and the United States before its owner sold them around 2010. Asia's first direct bank was finatiQ, a division of the Oversea-Chinese Banking Corporation (OCBC) of Singapore, launched in April 2000. It was shut down in 2011 and its operations merged into
12700-574: The language of the Netherlands and Flanders. The word is derived from Proto-Germanic *þiudiskaz . The stem of this word, *þeudō , meant "people" in Proto-Germanic, and *-iskaz was an adjective-forming suffix, of which -ish is the Modern English form. Theodiscus was its Latinised form and used as an adjective referring to the Germanic vernaculars of the Early Middle Ages . In this sense, it meant "the language of
12827-571: The last shares in NN Group, making it exclusively a bank again. Since the largest settlement ever in the Netherlands by Vimpelcom in 2016, its house banker ING has also come under fire from the Public Prosecutor's Office. As a result of the Vimpelcom case, among others, it was announced in 2018 that ING reached a €775 million settlement with the Public Prosecutor's Office. According to the prosecution,
12954-618: The least (adults 15%, children 1%). The decline of the West Frisian language in Friesland occupies a middle position (adults 44%, children 22%). Dialects are most often spoken in rural areas, but many cities have a distinct city dialect. For example, the city of Ghent has very distinct "g", "e" and "r" sounds that greatly differ from its surrounding villages. The Brussels dialect combines Brabantian with words adopted from Walloon and French . Some dialects had, until recently, extensions across
13081-608: The oldest single "Dutch" words, the Bergakker inscription yields the oldest evidence of Dutch morphology. However, interpretations of the rest of the text lack any consensus. The Franks emerged in the southern Netherlands ( Salian Franks ) and central Germany ( Ripuarian Franks ), and later descended into Gaul . The name of their kingdom survives in that of France. Although they ruled the Gallo-Romans for nearly 300 years, their language, Frankish , became extinct in most of France and
13208-617: The original language of the Franks. However, the language did experience developments of its own, such as very early final-obstruent devoicing . In fact, the find at Bergakker indicates that the language may already have experienced this shift during the Old Frankish period. Attestations of Old Dutch sentences are extremely rare. The language is mostly recorded on fragmentary relics, and words have been reconstructed from Middle Dutch and loan words from Old Dutch in other languages. The oldest recorded
13335-430: The pandemic, and offered one of the highest interest rates for the first few months of operations. It was one of the first banks that allowed check deposits via image capture using a mobile phone. ING Wholesale Banking provides banking and financial services to corporations and other institutions. The primary geographic focus of the wholesale banking business is the Netherlands, Belgium, Poland and Romania, where it offers
13462-517: The predominant colloquial language out of the area's 22 million Dutch-speakers. Limburgish , spoken in both Belgian Limburg and Netherlands Limburg and in adjacent parts in Germany, is considered a dialect in Belgium, while having obtained the official status of regional language in the Netherlands. Limburgish has been influenced by the Ripuarian varieties like the Colognian dialect , and has had
13589-411: The provinces of Gelderland , Flevoland , Friesland and Utrecht . This group, which is not Low Franconian but instead Low Saxon and close to neighbouring Low German, has been elevated by the Netherlands (and by Germany) to the legal status of streektaal ( regional language ) according to the European Charter for Regional or Minority Languages . It is regarded as Dutch for a number of reasons. From
13716-423: The rights of Dutch speakers, mostly referred to as "Flemish". However, the dialect variation was a serious disadvantage in the face of the standardised francophony . Since standardisation is a lengthy process, Dutch-speaking Belgium associated itself with the standard language that had already developed in the Netherlands over the centuries. Therefore, the situation in Belgium is essentially no different from that in
13843-517: The same branch of the West Germanic languages as Old English (i.e. Anglo-Frisian ) and are therefore genetically more closely related to English and Scots than to Dutch. The different influences on the respective languages, however, particularly that of Norman French on English and Dutch on West Frisian, have rendered English quite distinct from West Frisian, and West Frisian less distinct from Dutch than from English. Although under heavy influence of
13970-701: The same time with OFAC, the US Attorney's Office for the District of Columbia, the New York County District Attorney's Office and the Department of Justice's National Security Division and Justice's Asset Forfeiture and Money Laundering Section. Under the settlement agreement, ING Bank is required to conduct a review of, and to submit a report to the Treasury Department. Beginning in the 1990s, at
14097-410: The survival of two to three grammatical genders – albeit with few grammatical consequences – as well as the use of modal particles , final-obstruent devoicing , and (similar) word order . Dutch vocabulary is mostly Germanic; it incorporates slightly more Romance loans than German, but far fewer than English. In Belgium, the Netherlands and Suriname, the native official name for Dutch
14224-404: The term " Diets " was revived by Dutch linguists and historians as well, as a poetic name for Middle Dutch and its literature . Old Dutch can be discerned more or less around the same time as Old English (Anglo-Saxon), Old High German , Old Frisian , and Old Saxon . These names are derived from the modern standard languages . In this age no standard languages had yet developed, while
14351-477: The urban dialects of the province of Holland . In 1637, a further important step was made towards a unified language, when the Statenvertaling , the first major Bible translation into Dutch, was created that people from all over the new republic could understand. It used elements from various, even Dutch Low Saxon , dialects but was predominantly based on the urban dialects of Holland of post 16th century. In
14478-435: The western coast to the north of the Low Countries, and influenced or even replaced Old Saxon spoken in the east (contiguous with the Low German area). On the other hand, Dutch has been replaced in adjacent lands in present-day France and Germany. The division into Old, Middle and Modern Dutch is mostly conventional, since the transition between them was very gradual. One of the few moments when linguists can detect something of
14605-468: The world's first direct banks was First Direct , which launched telephone banking in the United Kingdom on 1 October 1989. A subsidiary of the then Midland Bank , it pioneered the concepts of no branches and 24-hour service through a call center. The commercialization of the Internet in the early 1990s was the biggest driver in the creation of fully direct banking models. In the 1990s, internet-only banks or "virtual banks" appeared. These banks did not have
14732-518: The €10 billion in state aid. It repurchased another €2 billion in May 2011 (at a 50% premium), and looked to complete the repayments by May 2012. However, in January 2012 it cited eurozone conditions in putting the repayment timetable as 2012–2013 for the remaining €3 billion. The final tranche of €1.025 billion was paid on 7 November 2014, half a year ahead of the repayment schedule as agreed with
14859-577: Was called ING Barings, at which point it severed its ties with the Barings name and combined with ING's other wholesale banking operations. However, the top floor of ING's London office is still home to the famous Baring art collection, and the Baring Foundation, a charitable foundation. Wholesale Banking is divided into a number of sub-divisions, including Structured Finance, Financial Markets, Transaction Services and Corporate Finance. ING Wholesale Banking
14986-607: Was created in 1975 from the merger of Banque de Bruxelles and Banque Lambert . It made a 2021 profit of €948 million. ING has a 17% stake in the Bank of Beijing , the largest urban commercial bank in China. In Thailand, ING has a 30% stake in TMB Bank , a universal banking platform with a nationwide network. In 2013 ING announced intent to sell its stake in TMB bank. In Poland, the group in 1996 became
15113-628: Was established in 1999 and is headquartered in Sydney, offering banking online and via telephone. Its products in Australia include transaction accounts, savings accounts, credit card, business accounts, term deposits, home loans and superannuation. Company operations are regulated by the Australian Prudential Regulation Authority and the Australian Securities and Investments Commission , Federal Government regulators. ING
15240-516: Was gradually replaced by the Dutch endonym Nederlands . This designation (first attested in 1482) started at the Burgundian court in the 15th century, although the use of neder , laag , bas , and inferior ("nether" or "low") to refer to the area known as the Low Countries goes back further in time, with the Romans referring to the region as Germania Inferior ("Lower" Germania). It
15367-477: Was largely static and hence while "Dutch" could by extension also be used in its earlier sense, referring to what today would be called Germanic dialects as opposed to Romance dialects , in many cases it was understood or meant to refer to the language now known as Dutch. In the Low Countries Dietsch or its Early Modern Dutch form Duytsch as an endonym for Dutch gradually went out of common use and
15494-470: Was replaced by later forms of the language throughout Luxembourg and Germany in around the 7th century. It was replaced in France by Old French (a Romance language with a considerable Old Frankish influence). However, the Old Franconian language did not die out at large, as it continued to be spoken in the Low Countries, and subsequently evolved into what is now called Old Low Franconian or Old Dutch in
15621-418: Was set up in Canada in 1997, and was soon followed in several other countries including the US, UK, Germany, Spain, Italy, France and Australia. In 2008, as part of the 2007–2008 financial crisis , ING Group, together with many other major banks in the Netherlands, took a capital injection from the Dutch Government. This support increased ING's capital ratio above 8%, however as a condition of Dutch state aid,
15748-620: Was spun off in an initial public offering ahead of its planned rebranding as Voya Financial . As of 2014, ING Group is no longer the controlling shareholder of its former subsidiary, owning 47% of its shares. Separate to ING Direct businesses, ING offers retail banking services in Australia, Austria, Belgium, Czech Republic, Germany, Poland, Italy, Luxembourg, Netherlands, Romania, Spain, Turkey and Philippines. Non-retail private banking services are offered in Netherlands, Belgium, Luxembourg, Switzerland and various countries in Asia and Central Europe. In
15875-598: Was the Amsterdamse Poort building. ING's corporate head office is situated in Cumulus Park, Amsterdam's innovation district in the south-east of the city. The five-storey building has a glass facade and is named after the Cedar tree, symbolising sustainability and growth. Its framework, with its layered branches and open spaces in between, is characteristic of a Cedar. ING House was the head office of NN Group and located in
16002-407: Was then renamed Intact Financial Corporation in May 2009. ING Group continued to operate ING Bank of Canada, also known as ING Direct Canada. Dutch language Dutch ( endonym : Nederlands [ˈneːdərlɑnts] ) is a West Germanic language of the Indo-European language family , spoken by about 25 million people as a first language and 5 million as a second language and
16129-517: Was under foreign control. In the 19th century, the East Indies trade started to dwindle, and with it the importance of Malacca as a trading post. The Dutch state officially ceded Malacca to the British in 1825. It took until 1957 for Malaya to gain its independence. Despite this, the Dutch language is rarely spoken in Malacca or Malaysia and only limited to foreign nationals able to speak the language. After
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