Nordea completes its share buy-back programme announced in December 2025

Rhea-AI Summary

Nordea (OTC: NBNKF) completed its share buy-back programme announced in December 2025. From 18 December 2025 to 20 April 2026, Nordea repurchased 31,042,146 shares at an average price of EUR 16.10, using the Board authorisation up to EUR 500m.

The repurchases reduced unrestricted equity by EUR 500m. Nordea now holds 8,935,424 treasury shares for capital optimisation and 9,045,443 for remuneration. Since October 2021, Nordea has repurchased about 655 million shares, distributing EUR 7.0bn to shareholders.

AI-generated analysis. Not financial advice.

Positive

• Completed buy-back of 31,042,146 shares
• Buy-back utilised the EUR 500m Board authorisation
• Since 2021 distributed EUR 7.0bn via repurchases

Negative

• Repurchases reduced unrestricted equity by EUR 500m
• Shares were repurchased as directed repurchases (not proportionate)

Key Figures

Shares repurchased: 31,042,146 shares Average repurchase price: EUR 16.10 per share Buy-back authorisation: Up to EUR 500m +5 more

8 metrics

Shares repurchased 31,042,146 shares Buy-back from 18 Dec 2025 to 20 Apr 2026

Average repurchase price EUR 16.10 per share Latest completed buy-back programme

Buy-back authorisation Up to EUR 500m Share buy-back announced 16 Dec 2025

Capital returned via buy-backs EUR 7.0bn Since inaugural programme in October 2021

Total shares repurchased Around 655 million shares Cumulative since October 2021

Average historical buy-back price EUR 10.67 per share Average price across ~655 million shares

Equity reduction EUR 500m Reduction of unrestricted equity from this programme

Treasury shares (capital optimisation) 8,935,424 shares Held after completion of buy-back programme

Market Reality Check

Price: $19.29 Vol: Volume 1,500 is below 20-...

low vol

$19.29 Last Close

Volume Volume 1,500 is below 20-day average 9,250 with relative volume 0.16. low

Technical Price 18.675 is trading above 200-day MA of 13.3.

Peers on Argus

No peers from the Financial Services / Banks - Regional group appeared in the mo...

No peers from the Financial Services / Banks - Regional group appeared in the momentum scanner, indicating the -1.71% move in NBNKF was likely company-specific rather than part of a sector-wide shift.

Historical Context

5 past events · Latest: Apr 13 (Positive)

Pattern 5 events

Date	Event	Sentiment	Move	Catalyst
Apr 13	Daily share repurchase	Positive	+3.4%	Repurchase of 423,205 shares under ongoing EUR 500m buy-back.
Apr 10	Daily share repurchase	Positive	+0.8%	Repurchase of 425,142 shares as part of authorised buy-back.
Apr 09	Daily share repurchase	Positive	+0.8%	Repurchase of 430,274 shares under existing EUR 500m programme.
Apr 07	Daily share repurchase	Positive	+6.4%	Repurchase of 440,263 shares across Nordic exchanges.
Apr 02	Daily share repurchase	Positive	+6.4%	Repurchase of 421,028 shares on XHEL and XSTO.

Pattern Detected

Recent buy-back execution releases have coincided with consistently positive 1-day price reactions between 0.76% and 6.42%.

Recent Company History

Over early April 2026, Nordea issued a series of disclosures on daily share repurchases under its up to EUR 500 million buy-back programme announced on 16 December 2025. Each update detailed several hundred thousand shares repurchased and led to positive 24-hour price moves, including reactions of 6.42% on both 02.04.2026 and 07.04.2026. Today’s announcement shifts from daily execution reports to confirming completion of the programme, following cumulative repurchases and increasing treasury shares held for capital optimisation and remuneration.

Market Pulse Summary

This announcement confirms completion of Nordea’s share buy-back programme of up to EUR 500m, under ...

Analysis

This announcement confirms completion of Nordea’s share buy-back programme of up to EUR 500m, under which 31,042,146 shares were repurchased at an average price of EUR 16.10. Since 2021, the bank has returned EUR 7.0bn through repurchasing around 655 million shares, and now holds 8,935,424 treasury shares for capital optimisation and 9,045,443 for remuneration. Investors may focus on how future capital distribution policies evolve once this buy-back cycle has concluded.

Key Terms

share buy-back programme, treasury shares, directed repurchases, unrestricted equity

4 terms

share buy-back programme financial

"Nordea has now completed its share buy-back programme announced in December 2025."

A share buy-back programme is when a company purchases its own shares from the market. This reduces the total number of shares available, which can increase the value of remaining shares and signal confidence in the company's future. For investors, it can be a sign that the company believes its stock is undervalued and may lead to higher share prices.

treasury shares financial

"Nordea now holds 8,935,424 treasury shares for capital optimisation purposes and 9,045,443 treasury shares"

Treasury shares are a company’s own stock that it has repurchased and keeps on its books instead of canceling or leaving in the hands of outside investors. Think of them like coupons a business puts back in a drawer: they don’t vote or receive dividends while held, but they can be reissued later for employee pay or fundraising. For investors this matters because buybacks change the number of shares that count toward earnings and ownership, can boost per‑share metrics, and use corporate cash that might otherwise go to growth or dividends.

directed repurchases financial

"Nordea repurchased the shares in public trading otherwise than in proportion ... (directed repurchases)."

A directed repurchase is when a company buys its own shares from one or a few specific holders instead of repurchasing broadly on the open market. For investors, this is important because it changes the number of shares outstanding and can concentrate ownership or shift control, which affects per-share earnings and voting power; it can also signal management’s view of value much like a homeowner choosing to buy back a family member’s stake in a shared property.

unrestricted equity financial

"The repurchases of this buy-back programme reduced the company's unrestricted equity by EUR 500m."

Unrestricted equity are shares or ownership claims that can be sold or transferred immediately because they are not subject to legal, contractual, or regulatory resale limits. Investors care because unrestricted equity affects liquidity and potential dilution—if many unrestricted shares hit the market at once, the stock can become easier to sell but also face downward pressure, like suddenly adding many more tickets for the same event.

AI-generated analysis. Not financial advice.

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HELSINKI, April 21, 2026 /PRNewswire/ -- Nordea Bank Abp 
Stock exchange release – Other information disclosed according to the rules of the Exchange
21 April 2026 at 15.00 EET

Nordea has now completed its share buy-back programme announced in December 2025. From 18 December 2025 to 20 April 2026, Nordea repurchased 31,042,146 of its own shares (FI4000297767) at an average price per share of EUR 16.10.

On 16 December 2025, Nordea announced a share buy-back of up to EUR 500m, based on the authorisation granted to the Board by the 2025 Annual General Meeting. The purpose of share buy-backs is to maintain an efficient capital structure and improve shareholder returns. Since the inception of the inaugural buy-back programme in October 2021, Nordea has distributed EUR 7.0bn to its shareholders through repurchasing around 655 million shares at an average price of EUR 10.67 per share.

Nordea repurchased the shares in public trading otherwise than in proportion to the shareholdings of its shareholders (directed repurchases). The repurchased shares were cancelled on a monthly basis.

The repurchases of this buy-back programme reduced the company's unrestricted equity by EUR 500m. Nordea now holds 8,935,424 treasury shares for capital optimisation purposes and 9,045,443 treasury shares for remuneration purposes.

Nordea will continue to use share buy-backs as a tool to distribute excess capital in line with its capital policy. 

For further information:

Ilkka Ottoila, Head of Investor Relations, +358 9 5300 7058 
Media inquiries, +358 10 416 8023 or press@nordea.com 

The information provided in this stock exchange release was submitted for publication, through the agency of the contacts set out above, at 15.00 EET on 21 April 2026.

Nordea is a leading Nordic financial services group and the preferred choice for millions of customers across the region. For more than 200 years, we have proudly served as a trusted financial partner for individuals, families and businesses – enabling dreams and aspirations for a greater good. Our vision is to be the best-performing financial services group in the Nordics, accelerating through our scale, people and technology. The Nordea share is listed on the Nasdaq Helsinki, Nasdaq Copenhagen and Nasdaq Stockholm exchanges.

This information was brought to you by Cision http://news.cision.com

https://news.cision.com/nordea/r/nordea-completes-its-share-buy-back-programme-announced-in-december-2025,c4337604

View original content:https://www.prnewswire.com/news-releases/nordea-completes-its-share-buy-back-programme-announced-in-december-2025-302748667.html

SOURCE Nordea

FAQ

How many shares did Nordea (NBNKF) repurchase in the December 2025 buy-back?

Nordea repurchased 31,042,146 shares between 18 Dec 2025 and 20 Apr 2026. According to the company, the purchases were completed at an average price of EUR 16.10 per share using a Board-authorised programme up to EUR 500m.

What was the total value impact of Nordea's (NBNKF) December 2025 buy-back on equity?

The buy-back programme reduced unrestricted equity by EUR 500m. According to the company, the repurchases were cancelled monthly and the EUR 500m reflects the programme's full reduction to unrestricted equity.

How many treasury shares does Nordea (NBNKF) hold after completing the buy-back?

Nordea holds 8,935,424 treasury shares for capital optimisation and 9,045,443 treasury shares for remuneration. According to the company, these holdings follow cancellation and allocation practices described in the buy-back programme.

How much has Nordea (NBNKF) returned to shareholders via buy-backs since 2021?

Since the inaugural programme in October 2021, Nordea has returned EUR 7.0bn to shareholders through repurchasing about 655 million shares. According to the company, the average price across that period was EUR 10.67 per share.

Will Nordea (NBNKF) continue using buy-backs to distribute capital?

Yes. According to the company, Nordea will continue to use share buy-backs as a tool to distribute excess capital in line with its capital policy. The company views buy-backs as a means to maintain efficient capital structure and shareholder returns.