Athens, Greece. National Bank of Greece has announced the launch of the first phase of its 2026 share buyback programme after securing approvals from shareholders, its board of directors and relevant authorities. The bank said the programme is intended to enhance shareholder returns and improve earnings per share and dividend per share indicators.
Approvals obtained
The first phase of the 2026 share buyback programme will be carried out in line with approvals granted by the annual general meeting of shareholders held on April 30, 2026, under the provisions of Law 4548/2018.
The bank said the implementation of the programme was also approved by its board of directors, acting under powers delegated by the general meeting.
In addition, the programme received approval from the Hellenic Corporation of Assets and Participations and the Single Supervisory Mechanism of the European Central Bank.
Implementation structure
The first phase will be implemented in two successive parts under the guidance of Goldman Sachs Bank Europe SE and Morgan Stanley Europe SE, respectively.
According to the bank, the two institutions will operate independently from each other and independently from the bank when making decisions on the timing and pricing of transactions.
Programme size and purpose
The bank said the purpose of the first phase is to enhance shareholder returns and improve the indicators for earnings per share and dividend per share.
Following completion of the repurchases, the acquired shares will be cancelled.
The maximum amount allocated to the first phase of the programme has been set at €531.91 million.
The maximum number of shares that may be acquired under the first phase is 91,471,515 shares.
