ING has provided an update on its ongoing share buyback programme, initially announced on October 31, 2024, with a total budget of €2.0 billion. The company disclosed that it repurchased 3,987,650 shares during the week of March 31, 2025, to April 4, 2025. These shares were bought at an average price of €17.62, amounting to a total cost of €70,249,396.01.
Detailed information about daily repurchases, individual share purchases, and weekly reports can be accessed as shared by the company. As of now, a total of 99,446,430 ordinary shares have been repurchased under this programme. The average price for these acquisitions was €15.76, totaling €1,567,067,875.62. This represents approximately 78.35% of the maximum total value dedicated to this share buyback initiative.
The programme aims to reduce ING's share capital, as confirmed by the company's statement.