ING Plans Up to €1.9 Billion in Buybacks and Cash Returns
Photo: TokenPost
ING plans shareholder returns totaling as much as €1.9 billion, including share repurchases and a cash payment, as part of an effort to align its CET1 ratio with a target near 13%. The repurchase portion is capped at €1.65 billion. The package also includes a €250 million cash payment, bringing the combined amount to as much as €1.9 billion. ING’s stated capital objective is to align its CET1 ratio with a target of about 13%. John Kim reports on the digital-asset business for TokenPost. Send corrections or tips to info@tokenpost.com.
Source: TokenPost
