Progress on share buyback programme
ING announced today that, in line with the launch of its €1. 5 billion share buyback programme announced on 3 November 2022, the company has repurchased 24,954,097 shares during the week of 7 November 2022 up to and including 11 November 2022.
The shares were repurchased at an average price of €11.07 for a total amount of €276,201,888.86. For detailed information on the daily repurchased shares, individual share purchase transactions and weekly reports, see the ING website at www.ing.com/investorrelations.
The total number of shares repurchased under this programme to date 34,766,059 ordinary shares at an average price of €10.97 for a total consideration of €381,264,260.46. To date approximately 25.42% of the maximum total value of the share buyback programme has been completed.
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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 58,000 employees oﬀer retail and wholesale banking services to customers in over 40 countries.
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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 September 2022. As of August 2022, Sustainalytics considers ING’s management of ESG material risk to be ‘strong’, and in June 2022 ING received an ESG rating of 'strong' from S&P Global Ratings. 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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