ING Reaches 73% of €1.1B Buyback, Warns Iran Conflict Risks
ING has repurchased 2,528,615 shares at an average price of €24.86 and 34,057,528 shares at €23.65, reaching 73.24% of its €1.1 billion buyback programme. ING economist Carsten Brzeski warns that a prolonged Iran conflict beyond four weeks could trigger sustained oil price spikes and inflation in Europe.
1. Progress on Share Buyback
ING repurchased 2,528,615 shares at an average price of €24.86 during the week of 23–27 February 2026. To date, the bank has bought back 34,057,528 shares at an average cost of €23.65, representing 73.24% of its €1.1 billion maximum buyback commitment.
2. Macro Risk from Iran Conflict
ING economist Carsten Brzeski highlights that Europe’s reliance on Middle Eastern oil and gas makes it the most exposed major economy to any prolonged Iran conflict. If the hostilities extend beyond four weeks and keep energy prices elevated, Europe could face renewed inflationary pressures, potentially slowing its recovery.