Reuters interviews ING Direct CEO

There’s an interview on Reuters site with Arkadi Kuhlmann, the head of US-based ING Direct. Some quick facts:

  • ING Direct has $60 billion in assets and $40 bln in deposits in the US.
  • 3.38 million customers generated a profit $176.7 mln last year.
  • ING Direct has 1,134 employees in the USA.
  • A typical bank loses 7% of its customers a year, with ING it’s 4% a year.

Kuhlmann also seems to be welcoming new competition on high-yield online banking field.

Posted Saturday, April 8th, 2006 under Money.