ING appointed Bob Bakker as head of Investor Relations, succeeding Sjoerd Miltenburg, who has been appointed head of Wholesale Banking in the Netherlands. Bakker, who has been part of ING's Investor Relations team since 2019, most recently served as Senior Investor Relations Officer. He will report directly to ING's chief financial officer, Ida Lerner.

Executive Background

Bakker played a key role in shaping ING's investor relations strategy and financial communication during his tenure. He built strong relationships with institutional investors, analysts, and rating agencies while advising the Executive Board on the bank's equity story and shareholder engagement.

Prior to joining the Investor Relations team, Bakker held several senior finance roles within ING. These positions included head of Finance Business Partnering at ING Bank Romania and head of Finance Management Information & Advice at ING Group.

Management Commentary

Ida Lerner, chief financial officer of ING, highlighted Bakker's expertise and understanding of the bank's strategy. She stated that his track record in engaging with investors and advising the Executive Board positions him well to lead the function. Lerner added that his experience will be crucial in communicating performance and long-term value creation to investors, supporting the bank's ambition to become the best European bank.

Lerner also thanked Sjoerd Miltenburg for his contributions, noting his instrumental role in conveying the 'Growing the difference' strategy to the market and strengthening dialogue with shareholders.

ING repurchased 1,750,000 shares during the week of June 8 to June 12, 2026, as part of its €1.0 billion share buyback programme announced on April 30, 2026. The shares were bought at an average price of €25.46, resulting in a total expenditure of €44,553,402.50. This transaction aligns with the programme's objective to reduce the company's share capital.

Cumulative Progress

Since the inception of the programme, ING has repurchased a total of 10,700,000 shares. The aggregate consideration paid for these shares amounts to €274,686,972.50, achieved at an average price of €25.67 per share. This represents approximately 27.47% of the maximum total value allocated for the share buyback initiative.

Transaction Details

The following table summarizes the repurchase activity for the reported week and the cumulative figures to date:

ING continues to execute the buyback programme to return capital to shareholders while adhering to the regulatory framework governing such transactions.