National Bank of Greece cancels treasury shares and increases nominal share value in capital restructuring
The National Bank of Greece (NBG) has announced the cancellation of 11.58 million treasury shares as part of its ongoing capital restructuring, which will reduce its share capital by €11.58 million. Following this move, the bank will increase the nominal value of its remaining shares from €1 to €3 through the capitalisation of €1.81 billion from its share premium account. The restructuring aims to optimise the bank’s equity structure without altering total net equity or shareholder ownership proportions.
These changes have received approvals from the European Central Bank's Single Supervisory Mechanism and the Greek General Commercial Registry, with the cancellation scheduled for September 17, 2026. The bank continues to buy back its shares on Euronext Athens, recently acquiring 300,000 shares at an average price of €17.59 each. Altogether, NBG holds 26.07 million treasury shares, approximately 2.85% of its share capital, which will also be cancelled in due course.
NBG’s share capital after the restructuring will total €2.71 billion, split into 903.13 million common shares with a nominal value of €3 each. The measures are intended to improve key per-share financial metrics and provide greater flexibility for future corporate and financial planning, aligning with practices seen in Greece and international markets.
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