ING has provided an update on its €2.0 billion share buyback program, originally announced on October 31, 2024. During the week of October 31 to November 1, a total of 4,016,274 shares were repurchased.
The company stated that these ordinary shares were bought at an average price of €15.64 each, amounting to a total expenditure of €62,798,086.93. The aim of the buyback is to reduce ING's share capital.
According to ING, "approximately 3.14% of the maximum total value of the share buyback programme has been completed" so far.