$ING

ING Groep N.V. (INGA) has repurchased 30.41M shares for €865.6M, completing 86.56% of its €1.0B buyback program. The company bought 1.45M shares in the week ending 2 Oct 2026, at an average price of €31.08. This update follows a previously announced plan.

Brokers criticize banks for direct retention efforts, bypassing loan writers. ING, HSBC, and Macquarie have the smallest pricing gaps between new and existing customers, while BOQ, CBA, and NAB have the largest. Serviceability buffers and credit approval variations impact refinancing. Bankwest and NAB lead in unconditional approvals, while ANZ is stricter. Turnaround times vary, with Bankwest and CBA among the fastest.

Australia's ASIC will review banks' AI use, focusing on customer impacts. ASIC had warned banks in May about AI cyber risks. The review follows roundtable discussions with financial sector participants, highlighting cybersecurity concerns. Major banks, including Commonwealth Bank of Australia, note customer enthusiasm for AI but warn of rapid technological advancements outpacing protections.

ING Group repurchased 1.3 million shares (€41.5 million) at an average price of €31.93 during the week of 21 September 2026. This is part of its €1.0 billion share buyback program, with 82.05% completed to date. The total shares repurchased so far are 28,960,805 at an average price of €28.33.

ING Group raised its 2027 return on equity target above 16%, citing revenue growth, risk transfers, and AI-driven efficiency. The bank reported €380 billion in mortgages and €700 billion in deposits, with a focus on retail banking. CEO Van Rijswijk highlighted growth in mortgage lending, AI applications, and targeted deposit campaigns. ING aims to improve wholesale banking returns and expand investment offerings. The company remains selective on acquisitions, prioritizing organic growth.

ING Groep raised its ROTE target to over 16% by 2027, citing strong growth in lending, deposits, and fees, along with cost control and tech investments. The bank expects AI and M&A to drive further expansion. The announcement was made at the Bank of America Financials CEO Conference.

ING Group repurchased 1,350,000 shares for €43.1 million at an average price of €31.92 last week. This is part of their €1.0 billion share buyback program, with 77.9% completed so far, totaling 27.7 million shares at an average price of €28.16. ING shares are listed on Amsterdam, Brussels, and NYSE exchanges.

Citi upgraded Dutch banks, raising price targets and earnings estimates due to higher ECB rate expectations. ABN AMRO's price target increased to €54, while ING's rose to €36. Both banks benefit from higher net interest income projections. ABN AMRO reported a 29.8% YoY net profit increase in Q2, raising full-year guidance.

ING Group announced it will redeem $1.5 billion of 5.750% Perpetual Additional Tier 1 Contingent Convertible Capital Securities on 16 November 2026, aligning with its capital structure optimization goals. The redemption will be at the principal amount, with accrued interest paid to holders of record as of 13 November 2026. ING Group shares are listed on Amsterdam, Brussels, and the New York Stock Exchange.

ING raised fixed interest rates for home loans by 0.2%, signaling expectations of an RBA rate hike. Analysts predict 1-2 more hikes, with Citi forecasting a peak at 4.85% by 2027. The RBA's next meeting is September 28-29, with inflation and economic data influencing decisions.