ING, a global financial institution with a strong European base, has announced significant progress on its share buyback programme. As part of the EUR2.5 billion buyback programme, the company repurchased 3,251,109 shares during the week of 29 July 2024 up to and including 2 August 2024. The shares were repurchased at an average price of EUR16.55, amounting to a total of EUR53,796,519.62.
This buyback programme aims to reduce the share capital of ING, and to date, the company has repurchased a total of 78,383,690 ordinary shares at an average price of EUR16.21, with a total consideration of EUR1,270,254,059.87. This represents approximately 50.81% of the maximum total value of the share buyback programme.
ING’s commitment to sustainability has been recognized by environmental, social, and governance (ESG) rating agencies and other benchmarks. In 2023, Sustainalytics assessed ING’s management of ESG material risk as ‘strong’, and MSCI reconfirmed ING’s ESG rating as ‘AA’. The company’s shares are included in the sustainability indices of Euronext, STOXX, FTSE Russell, and Morningstar.
For more information on the daily repurchased shares, individual share purchase transactions, and weekly reports, interested parties can visit the ING website at www.ing.com/investorrelations. ING Group shares are listed on the exchanges of Amsterdam, Brussels, and the New York Stock Exchange.
With a purpose of empowering people to stay a step ahead in life and in business, ING Bank, the operating company of ING, offers retail and wholesale banking services to customers in over 40 countries. The company’s more than 60,000 employees are dedicated to providing banking services that help individuals and businesses thrive.
For further updates and news from ING, interested individuals can visit the Newsroom or follow the @ING_news feed on X. Photos of ING operations, buildings, and executives are also available for download at Flickr.
For press inquiries, please contact Marc Smulders, ING Group Investor Relations, at +31 20 576 5000 or via email at Marc.Smulders@ing.com.