**Eurobank Completes Share Buyback of 1.74 Million Shares for €7.42 Million**
Eurobank S.A. has announced a significant step in its ongoing share buyback programme, confirming the repurchase of 1,735,675 shares during the week of June 15 to June 19, 2026. The transactions were executed on the Euronext Athens exchange, with the total expenditure amounting to €7,420,161.43, translating to an average purchase price of approximately €4.2751 per share.
The buyback activity was carried out through Eurobank's investment arm, Eurobank Equities Single Member Investment Firm S.A. The detailed breakdown of the transactions reveals a strategic approach to share repurchase over the five-day period. On June 15, the bank acquired 310,369 shares at an average price of €4.2076. This was followed by purchases on June 16, when 326,971 shares were bought at an average price of €4.2532.
The activity continued with the acquisition of 291,403 shares on June 17 at an average price of €4.3305. On June 18, Eurobank purchased 362,316 shares at an average price of €4.3137. The week concluded with the acquisition of 444,616 shares on June 19, at an average price of €4.2706.
With these recent transactions, Eurobank now holds a total of 34,055,514 of its own shares. This buyback initiative is part of a broader strategy approved during the bank's annual general meeting of shareholders on April 28, 2026.
In addition to the ongoing buyback, Eurobank has also announced plans to cancel 28,097,019 shares, which would involve a reduction in the bank’s share capital. However, the execution of this cancellation is contingent upon receiving the necessary regulatory approvals from the European Central Bank (ECB). The bank must also complete the required publication formalities with the General Commercial Registry before the cancellation can be formally executed.
This buyback programme reflects Eurobank's commitment to enhancing shareholder value and managing its capital efficiently. As the financial landscape continues to evolve, such initiatives are often seen as a positive signal to investors, indicating the bank's confidence in its financial health and future prospects.
The recent share buyback activity and the planned cancellation of shares are part of Eurobank's strategic efforts to optimize its capital structure and return value to shareholders amidst a competitive banking environment.