National Bank of Greece repurchased approximately 1.22 million shares between September 22 and September 29, 2026. The purchases cost €20.82 million ($23,4M), according to the bank’s October 1 announcement.
Specifically, the lender acquired 1,218,453 common shares at a weighted average price of €17.0893 each.
How the bank purchased its shares
The bank spread its purchases across six trading days. Its largest daily purchase came on September 23, when it acquired 500,000 shares for approximately €8.50 million.
Then, on September 24, it bought another 350,000 shares for approximately €5.89 million. By comparison, it purchased 25,000 shares on each of the period’s final two trading days.
The transactions followed another round of repurchases between September 14 and September 21. During that earlier period, NBG bought 593,171 shares for approximately €10.37 million, averaging €17.4758 per share. Consequently, the latest round involved more shares at a lower average purchase price.
Treasury holdings reach 1.80%
Following the latest transactions, the bank held 16,297,978 of its own shares, representing 1.80% of its share capital.
The purchases form part of the first tranche of the bank’s share buyback program. Shareholders approved the program at their annual general meeting on April 30, 2026.
Subsequently, the European Central Bank’s Single Supervisory Mechanism granted its approval on June 8. NBG announced the first tranche’s launch on June 12.
What is National Bank of Greece? A history stretching back to 1841
National Bank of Greece, or NBG, operates as a commercial bank, serving individuals and businesses. It offers financial products and services across its banking operations in Greece and abroad.
Despite its name, NBG does not serve as Greece’s central bank. The separate Bank of Greece holds that role.
NBG traces its establishment to March 30, 1841, in Athens. Under its first governor, Georgios Stavros, the institution developed its branch network and introduced banknotes into circulation.
Later, its shares began trading on the Athens Stock Exchange on May 12, 1880. That listing established a stock-market connection that stretches back more than 140 years.
Over subsequent decades, the bank expanded alongside the modern Greek state. In 1926, it opened an agency in New York, marking its first international presence.
Its early responsibilities also extended beyond commercial lending. NBG held banknote-issuing privileges until 1928, when the Bank of Greece began operations.
During that transition, NBG supplied the new central bank with funds and personnel. It surrendered its currency-issuing privileges while continuing its commercial banking activities.
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