**Eurobank Completes €11.3 Million Share Buyback Program**
Greek lender Eurobank S.A. has successfully completed a significant share buyback initiative, repurchasing over 2.7 million shares at a total cost exceeding €11.3 million. The buyback occurred over a five-day trading period from June 29 to July 3, 2026, as part of the bank's ongoing Share Buyback Programme, which was previously announced to the public on June 10, 2026.
The program received approval from shareholders during Eurobank's annual general meeting held on April 28, 2026. Following this, the bank's board of directors passed a resolution on April 29, 2026, to execute the buyback in accordance with Article 49 of Law 4548/2018.
During the specified trading period, Eurobank acquired a total of 2,704,466 shares on the Euronext Athens exchange through its affiliated member, Eurobank Equities Single Member Investment Firm S.A. The shares were purchased at an average price of €4.2137, bringing the total expenditure for the week to exactly €11,395,893.45.
The daily breakdown of the transactions is as follows:
- **June 29, 2026**: Eurobank bought 681,207 shares for €2,834,099.85, with prices fluctuating between a low of €4.0880 and a high of €4.1900, averaging €4.1604.
- **June 30, 2026**: An additional 578,147 shares were purchased at an average price of €4.1749, costing €2,413,688.18 in total, with prices ranging from €4.1510 to €4.1990.
- **July 1, 2026**: The bank acquired 507,073 shares for €2,131,812.74, averaging €4.2042 per share, with prices peaking at €4.2390 and dropping to a minimum of €4.1190.
- **July 2, 2026**: Eurobank purchased 482,209 shares at an average of €4.2691, totaling €2,058,575.87, while the price varied between €4.2300 and €4.2900.
- **July 3, 2026**: The final day of the buyback saw the acquisition of 455,830 shares for €1,957,716.81 at an average of €4.2948, marking the highest peak of the week at €4.3210 and a low of €4.2540.
With these recent acquisitions, Eurobank now directly holds a total of 39,737,785 of its own shares. Additionally, the bank reminded investors that the annual general meeting on April 28, 2026, approved the cancellation of 28,097,019 of its own shares. This planned cancellation will lead to a corresponding reduction in the bank's share capital, in compliance with Article 49 of Law 4548/2018. The completion of this corporate action will occur once all necessary publication formalities are fulfilled with the General Commercial Registry (GEMI).
Eurobank’s share buyback initiative is part of a broader strategy to enhance shareholder value and optimize its capital structure. The bank's management has expressed confidence in this approach, believing it will contribute positively to the overall financial health of the institution.
As Eurobank continues to navigate the complexities of the financial market, such strategic moves are essential in maintaining investor confidence and ensuring long-term sustainability. The successful execution of the share buyback program reflects the bank's commitment to returning value to its shareholders while adhering to regulatory frameworks.