Nordea Announces Third €250 Million Buyback Program This Year

Nordea Bank Abp has received approval from the European Central Bank for a new €250 million ($289 million) share buyback program, the third of its kind so far this year.

The lender’s board authorized the repurchases to begin on June 16 in order to “maintain an efficient capital structure and improve shareholder returns,” according to a statement on Thursday. The bank has already completed two previous programs, each for the same amount, earlier this month and in February.