ING announced today that, as part of our EUR2.5 billion share buyback programme announced on 2 May 2024, the company repurchased 14,758,595 shares during the week of 10 May 2024 up to and including 17 May 2024.
The shares were repurchased at an average price of EUR16.25 for a total amount of EUR239,869,875.39. For detailed information on the daily repurchased shares, individual share purchase transactions and weekly reports, see the ING website at www.ing.com/investorrelations.
In line with the purpose of the programme to reduce the share capital of ING, the total number of shares repurchased under this programme to date is 44,306,341 ordinary shares at an average price of EUR16.09 for a total consideration of EUR712,919,917.39. To date approximately 28.52% of the maximum total value of the share buyback programme has been completed.
More on the share buy back program progress
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ING PROFILE
ING is a global financial institution with a strong European base, offering banking services through its operating
company ING Bank. The purpose of ING Bank is: empowering people to stay a step ahead in life and in business. ING Bank's more than 60,000 employees offer retail and wholesale banking services to customers in over 40 countries.
ING Group shares are listed on the exchanges of Amsterdam (INGA NA, INGA.AS), Brussels and on the New York Stock
Exchange (ADRs: ING US, ING.N).
Sustainability is an integral part of ING's strategy, evidenced by ING's leading position in sector benchmarks. ING's
Environmental, Social and Governance (ESG) rating by MSCI was affirmed 'AA' in July 2023. As of December 2023,
Sustainalytics considers ING's management of ESG material risk to be 'strong'. ING Group shares are also included in major sustainability and ESG index products of leading providers Euronext, STOXX, Morningstar and FTSE Russell.
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