NBG to cancel 11.58 million treasury shares and raise nominal share value to €3

Athens, Greece. National Bank of Greece will cancel 11.58 million treasury shares on September 17, 2026, and increase the nominal value of its remaining shares to €3 under a capital restructuring.

The changes follow approval from the European Central Bank’s Single Supervisory Mechanism and the registration of amendments to the bank’s articles of association with Greece’s General Commercial Registry.

Share cancellation

The 11,580,849 treasury shares represent 1.27 per cent of NBG’s share capital. They were acquired between June 4, 2025, and March 27, 2026, under a share buyback programme approved by shareholders.

NBG paid a weighted average price of €12.6171 per share, with the purchases costing a total of €146.12 million.

Each share has a nominal value of €1. Their cancellation will reduce the bank’s share capital by €11.58 million to €903.13 million, divided into 903,134,304 common registered shares with a nominal value of €1 each before the subsequent capital increase.

Capital increase and buyback programme

The bank will increase its share capital by €1.81 billion through the capitalisation of part of its share premium account, raising the nominal value of the remaining shares to €3.

NBG said the cancellation was consistent with the practice of listed companies in Greece and international markets and would help improve per-share measures, including earnings per share.

The original buyback programme, approved by shareholders on May 30, 2025, allows NBG to purchase up to €174 million in shares over 24 months until May 30, 2027, subject to regulatory approval. The bank said the programme would continue towards that ceiling.