ING launches 1 billion euro buyback as profit beats expectations
30/04/2026 06:11
April 30 (Reuters) - ING Groep INGA.AS on Thursday launched a 1 billion euro ($1.2 billion) buyback as it beat quarterly profit expectations, boosted by a strong performance across the board with costs lower than anticipated.
The lender's first-quarter profit stood at 1.56 billion euros against the 1.43 billion euros forecast by analysts polled by the lender, and around 100 million euros higher than last year's result.
($1 = 0.8578 euros)
(Reporting by Mateusz Rabiega and Jakob Van Calster)
((Mateusz.Rabiega@thomsonreuters.com; +48 58 769 67 57;))