Nordea Bank Abp
Stock exchange release – Other information disclosed according to the rules of the Exchange
8 February 2022 at 22.00 EET
Nordea Bank Abp has received approval from the European Central Bank (ECB) for further share buy-backs of EUR 1.0bn. A follow-on buy-back programme is expected to be initiated once the inaugural buy-back programme has ended.
Nordea’s application to further repurchase up to EUR 1.0bn of its own shares was approved by the ECB on 8 February 2022. The inaugural share buy-back programme, which started on 22 October 2021, is progressing and expected to end during the first quarter of 2022 and no later than 30 April 2022. Nordea expects to initiate a follow-on share buy-back programme of up to EUR 1.0bn after the inaugural programme has ended.
Nordea is committed to its well-established capital and dividend policy, which includes pursuing an efficient capital structure and generating sustainable shareholder return to the benefit of all shareholders. The new ECB approval is a further step in making share buy-backs an integral part of Nordea’s capital management practice.
If the follow-on buy-back programme had been in place on 31 December 2021, it would have reduced the Nordea Group CET1 ratio by around 65bp.
For further information:
Matti Ahokas, Head of Investor Relations, +358 9 5300 8011
Group Communication, +358 10 416 8023 or press [at] nordea.com
The information provided in this stock exchange release was submitted for publication, through the agency of the contact persons set out above, at 22.00 EET on 8 February 2022.
Nordea is a leading Nordic universal bank. We are helping our customers realise their dreams and aspirations – and we have done that for 200 years. We want to make a real difference for our customers and the communities where we operate – by being a strong and personal financial partner. The Nordea share is listed on the Nasdaq Helsinki, Nasdaq Copenhagen and Nasdaq Stockholm exchanges. Read more about us on nordea.com.