The Postbank’s roots date back to 1881 when the government set up the Rijkspostspaarbank to encourage people to save money. Renamed Postgiro, then Postbank, it was privatised in 1986, merged with NMB Bank in 1989 and then became part of ING. In 2009 ING merged the Postbank (7.5 million account holders) into its own banking network. Although everyone still uses the name, Postbank no longer exists officially.