**National Bank of Greece Reports Progress on Share Buyback Programme**
The National Bank of Greece (NBG) has made notable advancements in its share buyback programme, as announced earlier this week. This initiative is part of a strategy approved during the bank's ordinary general meeting of shareholders held on April 30, 2026. Following this meeting, the bank initiated the first phase of the buyback programme on June 12, 2026.
The implementation of the buyback programme received formal approval from the Single Supervisory Mechanism of the European Central Bank (ECB) on June 8, 2026, paving the way for the bank to proceed with acquiring its own shares in the market.
Between June 12 and June 19, 2026, the NBG successfully acquired a total of 639,858 common shares. These transactions took place on the Euronext Athens exchange, with the shares purchased at a weighted average price of €15.3145 each. The total expenditure for these acquisitions amounted to €9,799,136.63.
As a result of these transactions, the National Bank of Greece's total holdings of its own shares have increased to 17,641,792. This figure represents approximately 1.93 percent of the bank's total share capital. The bank has also indicated its plans to cancel the shares acquired as part of this buyback programme, in alignment with the decisions made during the general meeting of shareholders.
The buyback programme is part of a broader strategy by the National Bank of Greece to enhance shareholder value and reflect confidence in its financial position. By reducing the number of shares in circulation, the bank aims to improve earnings per share and provide a more favorable return on investment for its shareholders.
As the programme progresses, stakeholders will be closely monitoring the bank's actions and the impact on its share price and overall market performance. The successful execution of the buyback programme may also signal the bank's commitment to maintaining a robust capital position while delivering value to its investors.
The National Bank of Greece has a long history in the banking sector and continues to adapt to changing market conditions and regulatory environments. The recent share buyback initiative highlights its proactive approach in managing its capital structure and responding to shareholder interests.
Further updates on the buyback programme and its implications for the bank's financial health are expected in the coming months as the National Bank of Greece continues to implement its strategic objectives.