ECB approves Nordea’s €250 million share buyback plan
In a move reflecting confidence in the strength of the European banking sector, Nordea Bank announced on Thursday that the European Central Bank (ECB) has approved its new share buyback plan worth €250 million, as part of the bank’s strategy to maintain a flexible capital structure and enhance shareholder returns.
The bank explained that its Board of Directors decided to implement the program in accordance with the authorization granted at the 2025 Annual General Meeting, noting that the buyback operations will begin on October 20, or as soon as possible thereafter, and will conclude no later than December 30 of this year.
This move aims to improve capital structure efficiency and provide additional value to shareholders by reducing the number of outstanding shares and increasing earnings per share.
The program continues Nordea’s ongoing efforts to strengthen its financial position and balance growth with dividend distributions, amid a cautious monetary environment maintained by the European Central Bank.
Nordea’s shares have seen a notable rise, trading at €14.80 on the Frankfurt Stock Exchange, up 7.25%, reflecting market approval of the move and investor optimism about the bank’s future performance.
