ING Groep ADR Rep 1 Ord Shs ING

Financial Services Banks - Global

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 Oct 23, 2023 10:36am

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Buy Back complete

They have finished their back and have purchased 1.5 billion Euros worth of shares. Nov 2 they will announce their capital plans and one assumes a dividend increase will be part of it.
Not inconceiveable that, if they feel the SP is too depressed that they may want to use the slump in the markets to buy back even more shares while they are cheap. Either way, IMO this is a better stock than ever.

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