Dutch international lender ING Groep announced its plan to launch a €1.1 billion share buyback program. This decision follows the bank's third-quarter earnings, which surpassed market expectations.
The strong third-quarter performance was primarily supported by robust growth in fee income and customer lending. These factors contributed to a favorable financial outcome for the period.
The new share buyback program underscores ING's strong capital position and its commitment to returning value to shareholders. This initiative is expected to further optimize the bank's capital structure.
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