Progress on share buyback programme ING announced today that, as part of our €2.5 billion share buyback programme announced on 2 November 2023, the company repurchased 23,143,452 shares during the week of 20 November 2023 up to and including 24 November 2023. The shares were repurchased at an average price of €12.68 for a total amount of €293,421,209.97. For detailed information on the daily repurchased shares, individual share purchase transactions and weekly reports, see the ING ebsite at www.
ING announces share buyback programme of up to €2.5 billion ING announced today a share buyback programme under which it plans to repurchase ordinary shares of ING Groep N.V., for a maximum total amount of €2.5 billion. The programme is a next step in converging our CET1 ratio towards our target of around 12.5%, as announced during our Investor Update in June 2022. ING Group’s CET1 ratio was 15.2% at the end of the third quarter of 2023, which is well above the prevailing CET1 ratio requirement
ING posts 3Q2023 net result of €1,982 million, drivenby strong income in both Retail and Wholesale Banking Profit before tax increases significantly year-on-year to €2,866 million; CET1 ratio rises to 15.2% • Strong performance in both Retail and Wholesale Banking and 4-quarter rolling RoE improves to 13.8% • Increase of 181,000 primary customers in the third quarter, with growth in almost all markets • Strong interest income combined with higher fee income • Operating expenses remain under cont