ING announces €2.5B share buyback program to align CET1 ratio towards 12.5% until Oct 29.
ING, a global financial institution, announces a €2.5B share buyback program to align its Common Equity Tier 1 (CET1) ratio towards 12.5%. With a Q1 2024 CET1 ratio of 14.8%, exceeding the 10.94% requirement, the ECB-approved buyback begins May 2 and ends Oct 29. Conducting it within a 20% issued shares limit, ING will provide weekly updates on progress, following Market Abuse Regulation.
May 02, 2024
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