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Eurobank spends over €2.4m on share buyback programme

Cyprus Mail · 2026-08-03

AI SUMMARY

• What happened: Eurobank S.A. executed a €2.46 million share buyback program from July 27 to July 31, 2026, repurchasing 556,717 shares at an average price of €4.4. • Why it matters: This initiative is part of Eurobank's ongoing capital management strategy aimed at enhancing shareholder value and reflects the bank's commitment to maintaining a strong financial position. • What to watch next: Monitor Eurobank's future capital management strategies and any potential impacts on its share price and overall market performance following this buyback program.

**Eurobank Executes €2.46 Million Share Buyback Program**

**Athens, Greece** – Eurobank S.A., a prominent Greek financial institution, has announced the successful execution of a share buyback program amounting to €2.46 million. The buyback took place between July 27 and July 31, 2026, as part of the bank's ongoing capital management strategy, according to a statement released on August 3, 2026.

During this five-day period, Eurobank repurchased a total of 556,717 shares on the Euronext Athens exchange, achieving an average purchase price of €4.4207 per share. The total expenditure for this operation reached €2,461,056.60, reflecting the bank's commitment to enhancing shareholder value through strategic capital management.

The share buyback initiative was formally initiated following a prior announcement made on June 10, 2026, which outlined decisions that had been approved by the bank's leadership. The program received authorization from shareholders during the annual general meeting held on April 28, 2026. This approval was in accordance with Article 49 of Law 4548/2018, which governs corporate actions in Greece. Subsequently, the bank's board of directors ratified the resolution on April 29, 2026, paving the way for the buyback transactions.

The trading activity commenced on July 27, 2026, with Eurobank acquiring 26,949 shares at an average price of €4.4752. The transactions during this day ranged from a high of €4.50 to a low of €4.43, culminating in a total cost of €120,601.72.

The following day, July 28, saw an increase in trading volume, with Eurobank purchasing 63,276 shares for €279,343.46, averaging €4.4147 per share. Prices during this session fluctuated between €4.3840 and €4.44.

On July 29, the bank continued its buyback efforts, repurchasing 118,367 shares at an average price of €4.4073, resulting in a total expenditure of €521,680.83. Prices for shares during this day peaked at €4.42 and dipped to €4.3950.

The buyback activity intensified on July 30, with Eurobank securing 159,987 shares for €706,367.17 at an average price of €4.4152. The share prices during this session ranged from a low of €4.32 to a high of €4.43.

The final day of the buyback program, July 31, marked the busiest trading session, with Eurobank acquiring 188,138 shares at an average price of €4.4279. The total cost for this day amounted to €833,063.42, with share prices reaching a weekly high of €4.5010 and a low of €4.3950.

Following the completion of this buyback program, Eurobank now holds a total of 18,842,347 shares in its treasury portfolio, reflecting the bank's proactive approach in managing its capital structure.

The share buyback program is part of Eurobank's broader strategy to optimize its capital management and enhance shareholder returns, emphasizing the bank's commitment to maintaining a strong financial position in a competitive market.

Source: Cyprus Mail
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