ING GROEP ( (GB:0RIC) ) has shared an announcement.
ING Groep N.V. has announced the initiation of a share repurchase program to buy back ordinary shares worth up to €70 million. This move is aimed at fulfilling obligations under the company’s share-based compensation plans. The program, approved by the European Central Bank, will run from March 3 to March 7, 2025, and will be conducted in compliance with the Market Abuse Regulation. This strategic action is expected to impact ING’s financial operations by aligning with shareholder interests and supporting employee compensation, potentially enhancing the company’s market positioning and stakeholder relations.
More about ING GROEP
ING is a global financial institution with a strong European base, offering banking services through its operating company ING Bank. The company provides retail and wholesale banking services to customers in over 100 countries, with a focus on empowering people to stay a step ahead in life and business. ING is committed to sustainability, with its policies and actions assessed by independent research and ratings providers. The company is recognized for its strong management of ESG material risk and is included in major sustainability and ESG index products.
YTD Price Performance: 13.55%
Average Trading Volume: 3,677,861
Technical Sentiment Consensus Rating: Strong Sell
Current Market Cap: €53.24B
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