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.
Bank of Nova Scotia said on Thursday it appointed former ING Group executive Aris Bogdaneris as group head of its Canadian banking segment, effective Nov. 3. Bogdaneris will join Canada's fourth largest bank after heading Amsterdam-based ING Group's retail banking unit for more than seven years. He will replace Dan Rees, who is leaving Scotiabank to pursue other opportunities, the bank said in a statement.
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