**National Bank of Greece Completes Share Buyback of 650,000 Shares for €10.66 Million**
The National Bank of Greece (NBG) has successfully completed the buyback of 650,000 of its ordinary shares, investing a total of €10,665,100 in the process. The buyback, which took place between July 31 and August 7, 2026, is part of the first tranche of the bank’s approved share repurchase program.
According to an official announcement from the bank, the shares were acquired at a weighted average price of €16.4078 each. The repurchased shares are listed on Euronext Athens, and the buyback follows decisions made during the bank’s ordinary general meeting of shareholders held on April 30, 2026. The bank had previously outlined the details of the buyback program in a corporate update on June 12, 2026.
The European Central Bank’s (ECB) Single Supervisory Mechanism granted regulatory approval for the repurchase transactions on June 8, 2026. Following this clearance, NBG issued several market announcements regarding the ongoing buyback program, with updates released on June 22, July 1, July 8, July 15, July 24, and August 3, 2026.
The buyback activity commenced on July 31, 2026, with the acquisition of 150,000 shares at a weighted average price of €16.3962, resulting in a total expenditure of €2,459,430. The bank continued its buying spree with several additional transactions:
- On August 3, 2026, NBG purchased 100,000 shares at a weighted average price of €16.4448, costing €1,644,480.
- The following day, August 4, 2026, another 100,000 shares were acquired at a weighted average price of €16.4316, totaling €1,643,160.
- On August 5, 2026, the bank bought an additional 100,000 shares at a weighted average price of €16.3153, amounting to €1,631,530.
- The buying continued on August 6, 2026, with the acquisition of another 100,000 shares at a weighted average price of €16.4139, costing €1,641,390.
- The final transaction of this tranche took place on August 7, 2026, when NBG repurchased 100,000 shares at a weighted average price of €16.4511, resulting in an expenditure of €1,645,110.
With these latest acquisitions, the National Bank of Greece now holds a total of 23,873,717 treasury shares, which represents approximately 2.61% of its total share capital. In accordance with the resolutions passed during the general meeting, the bank plans to cancel the repurchased shares within the statutory timeframe mandated by relevant legislation.
This strategic move is part of NBG's broader efforts to enhance shareholder value and optimize its capital structure. The bank's management believes that the buyback program will contribute positively to the overall performance and stability of the institution in the long term.
As the financial landscape continues to evolve, initiatives such as share buybacks are becoming increasingly common among banks and corporations, reflecting a commitment to returning value to shareholders while maintaining a robust capital position.