ING: share buy-backs sharply curbed

(CercleFinance.com) - ING announces that, as part of its 2.
5 billion euro share buyback program announced on May 2, it bought back almost 3.27 million shares last week, at an average price of 16.21 euros, for a total outlay of around 53 million euros.

These figures mark a sharp slowdown in share buy-backs, since in the previous week, the Dutch bank had acquired 11.1 million of its own shares, for a total amount of 175.6 million.

The total number of shares bought back by ING under its program thus stands at almost 127.4 million to date, for a total of 2.03 billion euros, or around 81.1% of the program's maximum total value.

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