Dutch bank ING plans 1.1 billion euro buyback as Q3 profit beats expectations
30/10/2025 06:12
Oct 30 (Reuters) - Dutch international lender ING Groep INGA.AS said on Thursday it would launch a 1.1 billion euro ($1.3 billion) share buyback after it beat market expectations for third-quarter earnings, supported by strong growth in fee income and customer lending. The group, which serves around 40 million consumers, corporate clients and financial institutions around the world, said its net profit fell 5% to 1.79 billion euros ($2.09 billion) in the third quarter, but beat analysts' median forecast of 1.66 billion euros. ($1 = 0.8575 euros) (Reporting by Mateusz Rabiega in Gdansk, editing by Milla Nissi-Prussak) ((Mateusz.Rabiega@thomsonreuters.com; +48 58 769 67 57;))