ING Groep ADR Rep 1 Ord Shs ING

Financial Services

ING Groep N.V. (ING) is a financial institution. The Company offers banking services. The Company's segments include Retail Netherlands, which offers current and savings accounts, business lending, mortgages and other consumer lending in the Netherlands; Retail Belgium, which offers products that are similar to those in the Netherlands; Retail Germany, which offers current and savings accounts, mortgages and other customer lending; Retail Other, which offers products that are similar to those in the Netherlands, and Wholesale Banking, which offers wholesale banking activities (a full range of products from cash management to corporate finance), real estate and lease. The Company's Retail Banking business lines provide products and services to individuals, small and medium-sized enterprises (SMEs) and mid-corporates. ING's banking activities in Australia are undertaken by ING Bank (Australia) Limited (trading as ING Direct) and ING Bank NV Sydney Branch.

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ING Groep ADR Rep 1 Ord Shs

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Post by prestedon Mar 01, 2023 11:44am

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Post# 35312631

$50 Million buy-back

The new buy back is being used to meet employee compensation obligations. Meanwhile the CET1 ratio (Common Equity Tier) is almost 50% higher than required and the highest of any other bank of equal size. Current yield is 6.6%. Hard to beat!

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