ING has reported progress on its €2.0 billion share buyback program, initially announced on October 31, 2024. During the week of March 3 to March 7, 2025, a total of 1,655,317 shares were repurchased.
The shares were bought at an average price of €18.41 each, amounting to a total expenditure of €30,480,804.23. The company has indicated that more detailed information regarding daily transactions and weekly reports is available.
The program aims to reduce ING's share capital. So far, a total of 87,163,821 ordinary shares have been repurchased under this initiative at an average price of €15.41 per share. This represents a total consideration of €1,343,309,837.29 and approximately 67.17% completion of the maximum value designated for the buyback.