ING's Share Buyback Programme: Progress and Impact

ING's share buyback programme, announced on 31 October 2024, has been making steady progress. As of 1 November 2024, the company has repurchased 4,016,274 shares, amounting to approximately 3.14% of the maximum total value of the programme. This initial phase of the buyback has seen ING's share price increase by 2.5% (from €15.27 to €15.64) due to reduced supply of shares in the market. In the long term, the programme could boost ING's earnings per share (EPS) by 2.5% once the repurchased shares are cancelled, assuming constant earnings. However, the impact on ING's market capitalization is minimal, with a 1.6% increase (from €63.7 billion to €64.7 billion) due to the share price rise.



ING's share buyback programme aligns with its broader financial strategy and long-term objectives. The company aims to empower people and businesses, with a strong focus on sustainability. By reducing its share capital, the buyback programme increases earnings per share and shareholder value, signaling ING's confidence in its financial position and long-term prospects.



As an investor focused on stable profits and cash flows, the progress of ING's share buyback programme offers an attractive opportunity. The programme's impact on ING's share price and market capitalization, coupled with its alignment with the company's financial strategy, makes it an appealing investment option for those seeking consistent, inflation-protected income.

In conclusion, ING's share buyback programme has made progress in line with initial projections, positively impacting the company's share price and market capitalization. The programme aligns with ING's broader financial strategy and long-term objectives, making it an attractive investment opportunity for income-focused investors.