ING Group Announces €1.9 Billion Shareholder Distribution Plan
ING Group has announced a significant capital distribution plan totaling up to €1.9 billion. This initiative consists of a share buyback program valued at approximately €1.65 billion and an additional cash payment of €0.25 billion to shareholders. The primary objective of this distribution is to optimize the bank's capital structure, specifically aiming to align its Common Equity Tier 1 (CET1) ratio with its long-term target of approximately 13%. This move reflects the company's strategy to manage excess capital while maintaining robust regulatory buffers.
Tickers: $ING
Topics: capital management CET1 ratio share buyback shareholder distribution
Read the full article at Seeking Alpha
Part of the story Citizens Financial Services Reports Growth in Net Income and Interest Income for Q3 2026 (63 articles)