ING Launches EUR1.74 Billion Share Buyback Program
October 01 2021 - 1:39AM
Dow Jones News
By Jaime Llinares Taboada
ING Groep NV said Friday that it is launching a share buyback
program of up to 1.74 billion euro ($2.01 billion).
The Dutch lender said the program will start on Oct. 5 and is
expected to end by May 5, 2022.
"While supporting our customers during the pandemic, we also
succeeded in generating capital and are able to launch this program
based on our strong capital position," Chief Executive Steven van
Rijswijk said.
The program has been approved by the European Central Bank,
which has lifted its recommendation to limit shareholder
remuneration until Sept. 30.
Write to Jaime Llinares Taboada at jaime.llinares@wsj.com;
@JaimeLlinaresT
(END) Dow Jones Newswires
October 01, 2021 01:24 ET (05:24 GMT)
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