ING Progresses with Comprehensive Share Buyback Initiative
Progress in Share Buyback Program
Progress in Share Buyback Program
ING recently announced that it has effectively progressed in its share buyback program worth €2.0 billion, originally introduced earlier. This program has seen remarkable activity, with a total of 7,738,842 shares being repurchased during the first week of August.
The shares under this initiative were acquired at an average price of €19.72, culminating in a significant total expenditure of approximately €152,633,578. For thorough daily tracking and reports regarding share purchases, stakeholders are encouraged to monitor updates on the ING website.
With a clear objective of reducing share capital, the total number of shares repurchased thus far stands at 60,349,214, with an average price of €18.79, totaling an impressive €1,133,841,619. This achievement reflects that around 56.69% of the program's maximum financial value has been realized.
Insights and Updates
Insights and Updates
For additional information about ING and more insights about their ongoing operations, potential investors and relevant parties are directed to the official ING site. Regular updates and news releases are conveniently available in the corporate newsroom, ensuring stakeholders remain informed about developments.
The profile of ING as a global financial institution, rooted in Europe, is further emphasized by its operational reach, offering banking services via ING Bank. The mission of ING Bank is to empower individuals and businesses to ensure they are always ahead in their endeavors, facilitated by a workforce of over 60,000 employees serving customers across more than 100 nations.
Commitment to Sustainability
Commitment to Sustainability
ING remains dedicated to integrating sustainability within its framework. The organization has been rated by independent analysts, which consistently reflects the company’s robust ESG rating. Recently, MSCI reaffirmed ING's 'AA' rating, recognizing its strong management of ESG-related risks.
With a risk rating of 18.0, classifying it as low risk, ING aims to contribute towards a low-carbon economy. It supports various sustainable initiatives while juxtaposing them against traditional financing. For further advancements and updates regarding climate-related initiatives, stakeholders can follow ongoing efforts detailed on the ING portal.
Contact Information
Contact Information
For press inquiries, Daan Wentholt is available at +31 20 576 6386, with email correspondence directed to Daan.Wentholt@ing.com. For investor relations, inquiries can be made at +31 20 576 6396 or via email at Investor.Relations@ing.com.
Frequently Asked Questions
What is the primary objective of ING's share buyback program?
The primary aim is to reduce share capital and enhance shareholder value while investing strategically in the company's future.
How many shares has ING repurchased to date as part of the program?
To date, ING has repurchased a total of 60,349,214 shares as part of the buyback initiative.
What was the average price at which the shares were repurchased?
The shares were repurchased at an average price of €18.79.
How does ING ensure transparency regarding its share buyback program?
ING provides detailed reports and updates on its official website regarding daily repurchases and total shares acquired throughout the program.
What are some sustainability commitments made by ING?
ING is committed to integrating sustainability in its operations and has achieved strong ESG ratings, highlighting its focus on promoting a low-carbon economy.
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