07:07 AM EST, 03/03/2025 (MT Newswires) -- ING (ING) said Monday it initiated a share repurchase program with a maximum value of 70 million euros ($73.2 million) to fulfill obligations related to share-based compensation plans.

The company said the repurchase will begin Monday and is expected to conclude by March 7.

The European Central Bank has approved the program, which will comply with the Market Abuse Regulation and adhere to the limits set by ING's shareholders, who authorized the repurchase of up to 20% of the company's issued shares in April 2024, the company said.