BuybackApr 30, 2026, 06:23 AM
ING completes 1.1B buyback; announces new 1.0B program
AI Summary
ING Groep NV announced the completion of its share buyback program, repurchasing 47,040,466 shares for 1.1 billion at an effective average price of 23.38 per share. Concurrently, the company initiated a new share buyback program of up to 1.0 billion, aiming to maintain its CET1 ratio around the target of 13%. The new program will run from April 30 to October 26, 2026, and has received ECB approval.
Key Highlights
- Completed share buyback repurchased 47,040,466 shares for 1.1 billion.
- Effective average price for the completed buyback was 23.38 per share.
- Announced a new share buyback program for up to 1.0 billion.
- New buyback to commence April 30, 2026, and end by October 26, 2026.
- Purpose is to maintain CET1 ratio at target of ~13%.
- ING Group's CET1 ratio was 13.0% at the end of Q1 2026, above the 11.06% requirement.
- New buyback will have a 29 bps impact on CET1 ratio, with 23 bps already reflected.