Update on Share Buyback Program
Today, ING revealed that during the week of mid-August, the company repurchased a total of 17,906,678 shares as part of its €2.5 billion share buyback program.
The shares were acquired at an average price of €15.43, amounting to a total expenditure of €276,369,480.74. For comprehensive details regarding the daily share repurchases, individual transactions, and weekly summaries, please visit the ING investor relations page.
Overall Shares Repurchased
To fulfill the program's goal of reducing ING's share capital, the total number of shares repurchased thus far stands at 113,058,837 ordinary shares. These shares were bought at an average price of €15.91, resulting in a total investment of €1,798,245,459.63. Approximately 71.93% of the maximum total value of the share buyback program has been completed to date.
About the Company
ING is a prominent global financial institution with a robust European foundation, providing banking services through its operating entity, ING Bank. The mission of ING Bank is to empower individuals to stay ahead in both life and business. With over 60,000 employees, ING Bank delivers retail and wholesale banking services to clients across more than 40 countries.
Shares of ING Group are traded on the Amsterdam and Brussels exchanges, as well as on the New York Stock Exchange.
Our Commitment to Sustainability
At ING, we strive to integrate sustainability into everything we do. Our sustainability initiatives have received recognition from external environmental, social, and governance (ESG) rating agencies. Recent assessments have rated ING's ESG management as 'strong', and our shares are included in leading sustainability indices.
Frequently Asked Questions
What is the purpose of ING's share buyback program?
The share buyback program aims to reduce ING's share capital.
How many shares has ING repurchased to date?
As per the latest update, ING has repurchased a total of 113,058,837 ordinary shares.
What was the average price of shares repurchased in the latest transaction?
The average price for the shares repurchased in the latest transaction was €15.43.
Is ING committed to sustainability?
Yes, ING is dedicated to sustainability and has received favorable ratings from ESG agencies.
Where can I find more information about ING's financial updates?
For additional information, you can visit ING's investor relations page and check their official communication channels.
