ING Boosts Share Buyback Program with Recent Purchases
Update on ING's Share Buyback Program
ING has made significant strides in its €2.0 billion share buyback program launched recently. This program aims to enhance shareholder value by reducing the total number of outstanding shares. Recently, the bank reported the repurchase of 3,925,836 shares during a set timeframe.
Recent Buyback Achievements
From September 1 through September 5, a notable number of shares were acquired at an average price of €20.67, bringing the total investment to approximately €81.13 million. This effective strategy contributes to reaching the goals outlined in the buyback program.
Overall Program Progress
As the buyback initiative continues, the total shares bought back to date stand at 71,572,746. These acquisitions were completed at an average price of €19.12, resulting in an impressive financial commitment of about €1.37 billion. Notably, ING has successfully utilized nearly 68.42% of the anticipated value of the program.
Corporate Engagement and Information
For those seeking to deepen their understanding of ING's ongoing initiatives, it is recommended to visit their official website. There, you can find detailed reports on daily share repurchases and their overall performance. This transparency reflects ING's commitment to maintaining open communication with its stakeholders.
Contact Information
For press inquiries, you can reach Raymond Vermeulen at +31 20 576 5000 or by email at Raymond.Vermeulen@ing.com. For investor-related queries, ING Group Investor Relations can be contacted at +31 20 576 6396 or via email at Investor.Relations@ing.com.
Overview of ING Group
ING is a well-established global financial institution, primarily operating through ING Bank, which offers diverse banking services across more than 100 countries. The organization aims to empower individuals and businesses, fostering a proactive approach to financial management.
Commitment to Sustainability
At the heart of ING's operations lies a robust commitment to sustainability. The company's continuous efforts have earned it an 'AA' rating from MSCI, affirming its strong policies aimed at fostering a sustainable future. This recognition highlights ING's proactive stance in finance and commitment to responsible banking.
Future of ING and Market Strategies
As ING moves forward, the bank remains focused on fostering a low-carbon economy while financing sustainable initiatives. Customers can trust that ING is committed to evolving alongside the market and the needs of its clientele.
Frequently Asked Questions
What is the purpose of ING's share buyback program?
The primary aim is to enhance shareholder value by reducing the number of outstanding shares.
How many shares has ING repurchased to date?
ING has repurchased a total of 71,572,746 shares at an average price of €19.12.
What was ING's recent average repurchase price?
The average repurchase price during the recent buyback was €20.67 for 3,925,836 shares.
How can investors stay informed about ING's activities?
Investors can visit the ING website, where they find detailed reports and updates about the ongoing buyback program.
Who can I contact for investor inquiries at ING?
For investor inquiries, you can contact ING Group Investor Relations at +31 20 576 6396 or email Investor.Relations@ing.com.
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