ECB approves Nordea’s share buy-back application
Nordea Bank AbpStock exchange release – Other information disclosed according to the rules of the Exchange8 July 2022 at 14:30 EET Nordea has received approval from the European Central Bank (ECB) for further share buy-backs of EUR 1.5bn. Nordea’s application to further repurchase up to EUR 1.5bn of its own shares has been approved by the ECB. A share buy-back programme is expected to be initiated after the release of the half-year results 2022, which are published on 18 July. A share buy-back programme of EUR 1.5bn would correspond to a reduction of 95bp in the Group CET1 ratio.