ING completes acquisition of Van Lanschot Kempen stake ING announced today that it has completed the acquisition of a 17.6% stake in Van Lanschot Kempen N.V., bringing the total interest in the company to 20.3%. The agreement to acquire the stake from Reggeborgh Groep B.V. was announced on 3 March 2025. Under the terms of the agreement, ING directly acquired a stake of 7.2% in March 2025, bringing its stake in Van Lanschot Kempen to 9.9%. After receiving regulatory approval, the remaining 10.4% was transf ...

Core Viewpoint - ING has completed its previous share buyback program and announced a new program with a maximum total amount of €2.0 billion aimed at improving its CET1 ratio [1][2][3]. Group 1: Share Buyback Program - The completed share buyback program involved the repurchase of 125,848,305 ordinary shares at an average price of €15.84, totaling approximately €1.99 billion [1]. - In the final week of the previous program, 6,872,040 shares were repurchased at an average price of €17.12, amounting to about €117.68 million [2]. - The new share buyback program is set to commence on 2 May 2025 and is expected to conclude by 27 October 2025 [3]. Group 2: CET1 Ratio Impact - As of the end of Q1 2025, ING's CET1 ratio stood at 13.6%, significantly above the required 10.76% [3]. - The new share buyback program is projected to impact the CET1 ratio by approximately 59 basis points [3]. Group 3: Regulatory Approval and Compliance - The European Central Bank (ECB) has approved the new share buyback program, which will adhere to the Market Abuse Regulation and the authority to acquire up to 20% of issued shares [4]. - ING has established a non-discretionary arrangement with a financial intermediary to facilitate the buyback process [4].