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Share buyback programme

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

Completed in November 2023

ING announced today that it has completed the share buyback programme which was announced on 2 November 2023. The total number of shares repurchased under the programme is 194,812,543 ordinary shares at an average price of €12.87 for a total consideration of €2,508,135,596.18.

During the last week of the programme, up to and including 5 February 2024, 2,977,217 shares were purchased. These shares were repurchased at an average price of €12.14 for a total amount of €36,140,139.44. In total 100.33% of the announced total value of the programme of €2.5 billion was purchased.

The purchases exceeded 100% due to performance arrangements, including the average price per share, with our executing broker for the programme. The broker repurchased shares until the performance arrangements were fulfilled. The total consideration for ING was limited to €2.5 billion. The excess purchases above this amount were funded by the executing broker. Based on the total programme period, the effective average price for ING was €12.83.

As previously announced, we will give an update on our capital planning with the presentation of our first quarter 2024 results, which is scheduled for 2 May 2024.

Detailed information on the daily repurchased shares, individual share purchase transactions and weekly reports, are in this section of the website.

Completed in October 2023

On 11 May 2023, ING announced a share buyback programme for €1.5 billion. The share buyback programme was completed on 13 October 2023 for a total consideration of €1,566 million.

In total 104.41% of the announced total value of the programme of €1.5 billion was purchased. The purchases exceeded 100% due to performance arrangements, including the average price per share, with our executing broker for the programme. The broker repurchased shares until the performance arrangements were fulfilled. The total consideration for ING was limited to €1.5 billion. The excess purchases above this amount were funded by the executing broker. Based on the total programme period, the effective average price for ING was €12.36.

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 24 April 2023 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.




Completed in March 2023

On 1 March 2023, ING announced a share buyback programme for a maximum total amount of EUR 50 million. The share buyback programme was completed on 2 March 2023 for a total consideration of EUR 42 million.

The purpose of the share repurchase programme was to meet obligations under the share-based compensation plans. After fulfilling delivery obligations under the employee share-based compensation scheme, the buyback programme had negligible impact on our CET1 ratio.

The ECB had approved the repurchase, which was 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.

Completed in December 2022

On 3 November 2022, ING announced a share buyback programme for a maximum total amount of EUR 1.5 billion. The program was completed on 28 December 2022 for a total consideration of EUR 1,204 million. The remainder of the total amount of EUR 1.5 billion, amounting to EUR 297 million or EUR 0.082 per share, will be paid to shareholders in cash on 16 January 2023.

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.

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.


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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