ING Groep Reports Initial Progress on New €1.0 Billion Share Buyback Program
ING sits 45% above its 52-week low of $20.385.
Summary
ING Groep announced the initial progress of its new €1.0 billion share buyback program, repurchasing €51.26 million in shares last week, totaling €65.95 million to date.
Key Events · Financing and Capital Events · ING
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Weekly Share Repurchase
During the week of May 4 to May 8, 2026, ING Groep repurchased 2,050,000 shares at an average price of €25.01, totaling €51,264,590.00.
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Total Program Progress
Under the new €1.0 billion share buyback program, a total of 2,650,000 shares have been repurchased to date at an average price of €24.89, for a total consideration of €65,954,510.00.
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Program Completion Status
Approximately 6.60% of the maximum total value of the €1.0 billion share buyback program has been completed.
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Purpose of Buyback
The repurchases are intended to reduce the share capital of ING, enhancing shareholder value.
Analysis · ING · Finance
This filing provides the first progress update on ING Groep's recently announced €1.0 billion share buyback program. The company repurchased over €51 million in shares during the past week, bringing the total repurchased under this new program to nearly €66 million. This demonstrates the company's ongoing commitment to returning capital to shareholders and reducing share capital, following the immediate initiation of this program after completing a prior €1.1 billion buyback.
At the time of this filing, ING was trading at $29.60 on NYSE in the Finance sector, with a market capitalization of approximately $85.9B. The 52-week trading range was $20.39 to $31.18. This filing was assessed with positive market sentiment and an importance score of 7 out of 10.