ING Announces Share Buyback, Wholesale Banking Restructuring, and Q3 2026 Financial Results

ING launched a €1.65 billion share buyback, above analysts’ €1.25 billion expectation, and plans an additional €250 million cash distribution to shareholders in January. It will restructure its wholesale banking division, renaming it corporate and institutional banking, with about 400 redundancies. Q3 2026 net profit was €1.85 billion, below the €1.97 billion consensus, while income rose 5.6% to €6.23 billion, also short of expectations. ING said increased interest-rate volatility offset growth in commercial interest and fee income.