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ING unveils €1.65 billion buyback despite profit miss

By Reuters News19 hours ago Updated

Oct 29 (Reuters) - Dutch lender ING INGA.AS on Thursday announced a fresh share buyback of €1.65 billion ($1.84 billion), days after completing its previous programme, and said it would pay out an additional €250 million cash distribution in January 2027.

The bank's third-quarter net profit rose 3.5% from a year earlier to €1.85 billion but fell short of analysts' consensus forecast of €1.97 billion.

($1 = 0.8959 euros)

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