Share Buyback Program Progress Update
ING announced today that, as part of our €2.5 billion share buyback programme, the company repurchased 17,906,678 shares during the week of mid-August.
The shares were repurchased at an average price of €15.43 for a total amount of €276,369,480.74. For detailed information on the daily repurchased shares, individual share purchase transactions, and weekly reports, please visit the ING investor relations page.
Total Shares Repurchased
In line with the purpose of the programme to reduce the share capital of ING, the total number of shares repurchased under this programme to date is 113,058,837 ordinary shares at an average price of €15.91 for a total consideration of €1,798,245,459.63. To date approximately 71.93% of the maximum total value of the share buyback programme has been completed.
Company Overview
ING is a global financial institution with a strong European base, offering banking services through its operating company ING Bank. The purpose of ING Bank is to empower people to stay a step ahead in life and in business. ING Bank's more than 60,000 employees offer retail and wholesale banking services to customers in over 40 countries.
ING Group shares are listed on the exchanges of Amsterdam, Brussels, and on the New York Stock Exchange.
Commitment to Sustainability
ING aims to put sustainability at the heart of what we do. ING’s sustainability efforts have been acknowledged externally by environmental, social, and governance (ESG) rating agencies. In the recent assessments, ING's ESG management was rated as 'strong'. ING's shares are included in prominent sustainability indices.
Frequently Asked Questions
What is the purpose of ING's share buyback programme?
The purpose of the share buyback programme is to reduce the share capital of ING.
How many shares has ING repurchased to date?
As of the latest update, ING has repurchased 113,058,837 ordinary shares.
What was the average price of shares repurchased in the latest transaction?
The average price of shares repurchased during the latest transaction was €15.43.
Is ING committed to sustainability?
Yes, ING places a significant emphasis on sustainability and has received positive ratings from ESG agencies.
Where can I find more information about ING's financial updates?
More information can be found on ING's investor relations page and through their official communication channels.
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