ING Completes Share Buyback and Launches New €2 Billion Program

Deal News | May 02, 2025 | ING Ventures

ING Completes Share Buyback and Launches New €2 Billion Program

ING has completed a significant share buyback program initially announced in October 2024. The program led to the repurchase of 125,848,305 ordinary shares with a total outlay of €1.99 billion, at an average price of €15.84 per share. During the final week of April 2025, an additional 6,872,040 shares were acquired at an average price of €17.12, totaling approximately €117.7 million. Following this completion, ING has announced a new share buyback initiative worth up to €2 billion, commencing 2 May 2025. ING's CET1 ratio is currently 13.6%, surpassing the 10.76% requirement, and this program aims to realign it towards target levels while being expected to reduce it by 59 basis points. The European Central Bank has sanctioned this scheme, which will comply with the Market Abuse Regulation and authorized acquisition limits. ING has teamed up with a financial intermediary for the execution of this buyback. ING continues to focus on sustainability, receiving strong ESG ratings, and remains committed to supporting economic transitions, particularly towards a low-carbon economy.

Sectors

  • Financial Services
  • Corporate Finance

Geography

  • Netherlands – ING is based in Amsterdam, Netherlands, where its shares are listed and where the buyback programs are facilitated.
  • European Union – The European Central Bank regulates and approves financial actions like ING's buyback within the EU setting.

Industry

  • Financial Services – The article focuses on ING, a global financial institution engaged in banking services, including retail and wholesale banking.
  • Corporate Finance – The article describes a share buyback program, a common corporate finance action to manage equity and capital structure.

Financials

  • 1,993,571,438.95 – The total expenditure for the initial share buyback program completed by ING.
  • 2.0 billion – Maximum amount allocated for the new share buyback program announced by ING.

Participants

NameRoleTypeDescription
ING Groep N.V.Target CompanyCompanyA global banking institution executing share buybacks to optimize its capital structure.
ING VenturesBidding CompanyCompanyThe private equity arm of ING involved in announcing and executing financial strategies like the share buyback.
European Central BankRegulatory ApproverGovernmentThe ECB granted approval for ING's share buyback program under its regulatory framework.