Share buyback programme

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Share buyback programme

On 3 November 2022, ING announced a share buyback programme for a maximum total amount of EUR 1.5 billion.

The share buyback programme will commence on 3 November 2022 and is expected to end no later than 30 December 2022. Any remaining amount of the programme after the end date will be paid out in cash to shareholders on 16 January 2023.

The purpose of the share buyback programme is to reduce the share capital of ING. It is a next step in converging our CET1 ratio towards our target of around 12.5% by 2025, as announced during our Investor Update in June 2022.

The ECB has approved the programme, which will be executed in compliance with the Market Abuse Regulation and within the limitations of the existing authority to acquire a maximum of 10% of the issued shares as granted by the general meeting of shareholders on 25 April 2022. ING has entered into a non-discretionary arrangement with a financial intermediary to conduct the buyback.

ING will provide weekly updates on the progress of the programme via a press release and reports in this section of the website.


Share buyback programme – completed in July 2022

On 6 May 2022, ING announced a share buyback programme for EUR 380 million. The programme was completed on 14 July 2022.

The share buyback programme had been approved by the ECB and was executed within the limitations of the existing authority of a maximum of 10% of the issued shares as granted by the general meeting of shareholders on 25 April 2022 and in compliance with the Market Abuse Regulation. ING entered into a non-discretionary arrangement with a financial intermediary to conduct the buyback.

ING has provided weekly updates on the progress of the programme via a press release and reports in this section of the website.


Share buyback programme – completed in February 2022

On 1 October 2021, ING announced a share buyback programme for EUR 1,744 million. The programme was completed on 25 February 2022.

The share buyback programme had been approved by the ECB and was executed within the limitations of the existing authority granted by the general meeting of shareholders on 26 April 2021 and in compliance with the Market Abuse Regulation. ING entered into a non-discretionary arrangement with a financial intermediary to conduct the buyback.

ING has provided weekly updates on the progress of the program via weekly press releases and reports in this section of the website.

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