ING has provided an update on its ongoing €2.0 billion share buyback program, initially announced on May 2, 2025. The company confirmed that it repurchased a total of 6,040,889 shares during the week of May 12 to May 16, 2025.
The average price for these repurchased shares was €18.74, amounting to a total expenditure of €113,235,126.80. This initiative is part of ING's strategy to reduce its share capital.
To date, ING has repurchased a total of 13,991,183 shares under this program at an average price of €18.32. The cumulative cost for these transactions is reported as €256,250,277.66. This represents approximately 12.81% completion of the maximum total value set for the buyback program.
For further details regarding daily repurchases and specific transaction information, ING directs interested parties to their reports.