Contents

Part I 

Part II 

Part III

Additional information

Financial Statements

ING Group Annual Report 2020 on Form 20-F

1

Exhibit 8

Principal subsidiaries

The principal subsidiaries of ING Groep N.V. and their statutory place of incorporation and primary country of

operation are as follows:

Principal subsidiaries

Proportion of

ownership and

interest held

by the group

2020

2019

Subsidiary 

Statutory place of

Incorporation

Country of operation

ING Bank N.V.

Amsterdam

the Netherlands

100% 

100% 

Bank Mendes Gans N.V.

Amsterdam

the Netherlands

100% 

100% 

ING Belgium S.A./N.V.

Brussels

Belgium

100% 

100% 

ING Luxembourg S.A.

Luxembourg City

Luxembourg

100% 

100% 

ING-DiBa AG

Frankfurt am Main

Germany

100% 

100% 

ING Bank Slaski S.A.

1

Katowice

Poland

75% 

75% 

ING Financial Holdings Corporation

Delaware

United States of America

100% 

100% 

ING Bank A.S.

Istanbul

Turkey

100% 

100% 

ING Bank (Australia) Ltd

Sydney

Australia

100% 

100% 

ING Commercial Finance B.V.

Amsterdam

the Netherlands

100% 

100% 

ING Groenbank N.V.

Amsterdam

the Netherlands

100% 

100% 

1 The shares of the non-controlling interest stake of 25% are listed on the Warsaw Stock Exchange, for summarised financial

information we refer to ‘Note 35 ‘Information on geographical areas’.