ING has completed its previously announced share buyback programme, repurchasing a total of 101,193,469 ordinary shares at an average price of €19.77 per share. The total consideration for these purchases amounted to €2,000,093,404.60.
In the final week of the programme ending 27 October 2025, ING bought back 597,578 shares at an average price of €20.73 each, totaling €12,390,421.28. The number of shares purchased exceeded the initial maximum amount set for the programme due to performance arrangements with ING’s executing broker. According to ING, "The broker repurchased shares until the performance arrangements were fulfilled. The total consideration for ING was limited to €2.0 billion and the excess purchases above this amount were funded by the executing broker." The effective average price paid by ING during the entire period was €19.76 per share.
Additionally, ING announced a new shareholder distribution totalling up to €1.6 billion. This includes a new share buyback programme with a maximum value of €1.1 billion and a cash payment of €0.5 billion scheduled for 15 January 2026. The purpose is to bring its Common Equity Tier 1 (CET1) ratio closer to its target level of approximately 13%. As reported at the end of Q3 2025, ING's CET1 ratio stood at 13.4%, which is higher than the regulatory requirement of 10.95%. The planned distribution is expected to reduce this ratio by about 48 basis points.
The European Central Bank has approved this latest distribution plan from ING Group. According to the company’s statement: "The share buyback programme will commence on 30 October 2025 and is expected to end no later than 27 April 2026." To carry out this buyback, ING has entered into a non-discretionary arrangement with a financial intermediary and will conduct it in accordance with Market Abuse Regulation rules as well as within existing shareholder authority that allows acquisition of up to 20% of issued shares granted on April 22, 2025.
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