ING Groep N.V. (ING), a Dutch banking and financial services firm, on Friday announced a new share buyback programme worth up to 2.0 billion euros to repurchase its ordinary shares.
The share buyback programme will start on May 2 and run through October 27.
The programme aims to bring the company's CET1 ratio closer to its target level. It is expected to reduce the CET1 ratio by around 59 basis points.
The company has completed its previous share buyback programme, which was announced on October 31, 2024.
The total number of ordinary shares repurchased under the programme is 125.85 million at an average price of 15.84 euros, for a total consideration of around 1.99 billion euros.
On Thursday, ING had closed 0.41% lesser at $19.29 on the New York Stock Exchange.
For comments and feedback contact: editorial@rttnews.com
Business News
June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.