The ING buyback announced on April 30, 2026, has been completed, with 34,954,008 ordinary shares repurchased. In a completion disclosure published on October 27, 2026, ING reported total purchases of €1,000,795,565.24, while its own cost remained capped at €1 billion because the executing broker funded the excess.

Key Takeaways

  • The programme repurchased nearly 35 million ordinary shares at a reported average price of €28.63.
  • Broker-funded excess purchases left ING’s effective average purchase price at €28.61.

ING buyback: why purchases exceeded the cap

The difference between the total purchase amount and ING’s cost reflects performance arrangements with the executing broker. ING said the broker continued buying shares until those arrangements had been fulfilled.

Although the purchases exceeded the programme’s maximum amount of €1 billion, the broker paid for the excess. The higher transaction total therefore did not increase ING’s consideration beyond the stated cap.

That distinction also explains the two average prices disclosed for the completed programme: €28.63 across all shares purchased, compared with an effective average price of €28.61 for ING.

Final week added 1.24 million shares

During the final week, up to and including October 23, 2026, the programme purchased 1,243,203 shares. Those transactions totalled €36,019,364.75 at an average price of €28.97 per share.

ING’s share buyback programme updates provide the weekly progress releases and transaction reports for the programme. These records set out the purchases made over the course of the buyback, rather than representing a new repurchase authorisation.

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