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.
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