ING directs €1.9B to shareholder returns via buyback and cash payment

What happened: ING (ING) announced a shareholder distribution of up to 1.9B euros, made up of a share buyback program of up to 1.65B euros and a cash payment of 0.25B euros. Key numbers: Up to 1.9B euros total distribution; up to 1.65B euros buyback; 0.25B euros cash payment; ~13% CET1 ratio target. Why it matters: The plan aims to align the bank's CET1 ratio with its ~13% target.

ING (ING) announced a shareholder distribution of up to 1.9B euros, made up of a share buyback program of up to 1.65B euros and a cash payment of 0.25B euros.

The plan aims to align the bank's CET1 ratio with its ~13% target.