ING Launches €2B Buyback After Q1 Profit Beat

ING Groep, the Netherlands' largest bank by assets, announced a €2 billion ($2.26 billion) share buyback program following first-quarter profits of €1.46 billion, which surpassed analyst expectations despite higher costs. The buyback, approved by the ECB, will run from May to October 2025 and is expected to reduce the bank’s CET1 ratio by about 59 basis points, though the ratio remains well above regulatory requirements at 13.6% as of Q1’s end. ING continues to prioritize returning surplus capital to shareholders while maintaining a strong liquidity position. The net result for Q1 reflected a smaller-than-expected year-over-year decline. The bank also emphasizes strong ESG credentials, with high ratings from MSCI and Sustainalytics, and a commitment to sustainability and the low-carbon transition.