**National Bank of Greece Completes Share Buyback of 675,000 Shares**
The National Bank of Greece (NBG) has successfully completed the acquisition of 675,000 of its own shares as part of an ongoing share buyback programme. The transactions took place between June 22, 2026, and June 29, 2026, at a weighted average price of €15.3816 per share. The total expenditure for this buyback amounted to €10,382,550.
This strategic move follows decisions made during the bank's annual general meeting of shareholders, which was held on April 30, 2026. The buyback initiative received prior approval from the Single Supervisory Mechanism (SSM) of the European Central Bank (ECB) on June 8, 2026, aligning with regulatory guidelines and the bank's financial strategy.
With this latest acquisition, the National Bank of Greece's total holdings of its own shares have increased to 18,316,792. This figure represents approximately 2.00 percent of the bank's total share capital. The bank has also announced plans to cancel these acquired shares in the near future, a move that is expected to enhance shareholder value by reducing the overall number of shares in circulation.
The share buyback programme is seen as a positive signal to investors, reflecting the bank's confidence in its financial stability and future prospects. By repurchasing its shares, NBG aims to reinforce its capital structure and potentially improve earnings per share, benefiting existing shareholders.
As the National Bank of Greece continues to navigate the complexities of the financial landscape, this buyback initiative underscores its commitment to maintaining a robust capital position while actively engaging with its shareholders.