ING · ING Groep N.V.

ING Groep N.V. has completed its prior share buyback programme announced on 30 October 2025, repurchasing 47,040,466 ordinary shares for a total consideration of €1,103,554,715.12 at an effective average price of €23.38 to ING, with excess purchases funded by the executing broker under performance arrangements. This demonstrates disciplined execution of capital return amid maintaining financial stability. Concurrently, ING announced a new programme to repurchase up to €1.0 billion in ordinary shares, commencing immediately on 30 April 2026 and expected to conclude no later than 26 October 2026. The initiative aligns with ING's capital management strategy to sustain its CET1 ratio around 13% on average at quarter-ends, supported by structural excess capital. At the end of the first quarter 2026, the CET1 ratio stood at 13.0%, comfortably above the prevailing regulatory requirement of 11.06%. The new buyback is projected to reduce the CET1 ratio by 29 basis points, of which 23 bps is already incorporated in the reported 1Q2026 figure. Approval from the ECB ensures regulatory compliance, with execution adhering to the Market Abuse Regulation and the shareholder-granted authority for up to 20% of issued shares from the 14 April 2026 general meeting. A non-discretionary arrangement with a financial intermediary facilitates the buyback, with transparency provided through weekly press releases and the company's website. This ongoing commitment to shareholder distributions signals confidence in capital position and operational resilience, potentially supporting share price stability while balancing growth and regulatory needs.