ING Group (ING Groep N.V.) is one of the world's largest financial services companies, offering banking, insurance and asset management in over 50 countries. ING once stood for Internationale Nederlanden Groep. As of 2003, ING covers 60 million private, corporate and institutional clients in 50 countries with a workforce of over 115,000 people. It has offices in Canada, Peru, Chile, Spain, France, Italy, Romania, Mexico, the United States, Germany, UK, Belgium, Poland, Austria and Australia. It owns ING Direct, a virtual bank with operations in Australia, Canada, the USA, UK, Spain and elsewhere. In the 2007 Forbes Global 2000, ING was the tenth-largest company in the world.