ING has reported progress on its €2.0 billion share buyback programme, which was initially announced on October 31, 2024. In the week spanning January 6 to January 10, 2025, a total of 5,520,823 shares were repurchased by the company.
These shares were bought at an average price of €15.13 each, amounting to a total expenditure of €83,534,103.08. The purpose of this buyback initiative is to reduce the share capital of ING.
Since the commencement of the programme, ING has repurchased a cumulative total of 57,554,781 ordinary shares at an average price of €14.99 per share. This represents a total financial outlay of €862,742,308.36 and accounts for approximately 43.14% completion of the programme's maximum intended value.