Ing Groep N.V. (ING) has released an update.
ING Groep N.V. has launched a share buyback program to repurchase €2.5 billion worth of shares to adjust its CET1 ratio to the target of around 12.5%. The program is set to start on May 2, 2024, and will run until October 29, 2024, with weekly updates to be provided by the company. This strategic move, approved by the ECB, underscores ING’s robust financial position and commitment to delivering value to its shareholders.
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