ING Groep (ING) has released an update.
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ING Groep N.V. has made significant headway in its €2.5 billion share buyback program, successfully purchasing 11,078,000 shares at an average price of €15.85 each over one week in August 2024, totaling €175.6 million. With this, the company has completed nearly 79% of the planned buyback, reaching a total expenditure of nearly €1.97 billion on acquiring shares. The program aims to reduce the bank’s share capital and underscores ING’s robust financial position and commitment to delivering shareholder value.
For further insights into ING stock, check out TipRanks’ Stock Analysis page.
