Norion Bank AB completes share buyback program and initiates a new share buyback program of up to SEK 500 million
Idag, 08:30
Idag, 08:30
On 23 April 2026, Norion Bank announced – in accordance with its previously communicated intention to initiate additional share buyback programs during 2026 – a share buyback program of up to approximately SEK 500 million. During the period from 23 April to 4 May 2026, the bank repurchased its own shares for an amount of approximately SEK 70 million. Following the Annual General Meeting’s resolution on 5 May 2026 to renew the authorization for the Board of Directors to decide on repurchases of own shares, and following the Board's decision, the bank carried out additional repurchases amounting to approximately SEK 430 million during the period from 6 May to 3 June 2026. In total, 9,051,000 own shares were repurchased at an average price of SEK 55.24 per share, corresponding to a total amount of approximately SEK 500 million during the period from 23 April to 3 June 2026.
As the share buyback program has now been completed, the Board of Directors has resolved to use the authorization granted by the Annual General Meeting on 5 May 2026 and – in line with its previously communicated intention – initiate a new share buyback program of up to approximately SEK 500 million. Repurchases are expected to commence on 5 June 2026. The purpose of the share buyback program is, in line with Norion Bank’s dividend policy, to return surplus capital relative to the capital adequacy target to shareholders and to adapt the bank’s capital structure.
Repurchases of own shares are carried out on the following terms:
Completed repurchases of own shares will be disclosed and reported in accordance with applicable laws and regulations as well as Nasdaq Stockholm’s Rulebook for Issuers.
The total number of shares in the Norion Bank amounts to 189,782,534. The bank currently holds 9,051,000 own shares.
For the complete authorization resolved at the Annual General Meeting of Norion Bank on 5 May 2026, please refer to Norion Bank's website.
For more information, please contact:
Peter Olsson, CFO
Phone: +46 73 712 04 46
E-mail: peter.olsson@norionbank.se
About Norion Bank
Norion Bank Group is a business-oriented Nordic financing bank. The Group’s brands – Norion Bank, Walley and Collector – offer customized financing solutions that meet distinct needs in three customer segments: medium-sized corporates and real estate companies, merchants, and private individuals. As a specialist in financing solutions, Norion Bank Group is a leading complement to traditional large banks, with a vision of being the leading Nordic financing bank in its chosen segments.
Norion Bank offers corporate and real estate loans, as well as factoring for medium-sized corporates. The Walley brand offers flexible payment and checkout solutions to merchants and private individuals. The Collector brand offers personal loans and credit cards to private customers, as well as savings accounts to private individuals and companies. Norion Bank Group was founded in 1999 and has offices in Gothenburg, Stockholm, Helsingborg, Oslo and Helsinki. Business is conducted through Norion Bank AB (public), which is listed on Nasdaq Stockholm.
Idag, 08:30
On 23 April 2026, Norion Bank announced – in accordance with its previously communicated intention to initiate additional share buyback programs during 2026 – a share buyback program of up to approximately SEK 500 million. During the period from 23 April to 4 May 2026, the bank repurchased its own shares for an amount of approximately SEK 70 million. Following the Annual General Meeting’s resolution on 5 May 2026 to renew the authorization for the Board of Directors to decide on repurchases of own shares, and following the Board's decision, the bank carried out additional repurchases amounting to approximately SEK 430 million during the period from 6 May to 3 June 2026. In total, 9,051,000 own shares were repurchased at an average price of SEK 55.24 per share, corresponding to a total amount of approximately SEK 500 million during the period from 23 April to 3 June 2026.
As the share buyback program has now been completed, the Board of Directors has resolved to use the authorization granted by the Annual General Meeting on 5 May 2026 and – in line with its previously communicated intention – initiate a new share buyback program of up to approximately SEK 500 million. Repurchases are expected to commence on 5 June 2026. The purpose of the share buyback program is, in line with Norion Bank’s dividend policy, to return surplus capital relative to the capital adequacy target to shareholders and to adapt the bank’s capital structure.
Repurchases of own shares are carried out on the following terms:
Completed repurchases of own shares will be disclosed and reported in accordance with applicable laws and regulations as well as Nasdaq Stockholm’s Rulebook for Issuers.
The total number of shares in the Norion Bank amounts to 189,782,534. The bank currently holds 9,051,000 own shares.
For the complete authorization resolved at the Annual General Meeting of Norion Bank on 5 May 2026, please refer to Norion Bank's website.
For more information, please contact:
Peter Olsson, CFO
Phone: +46 73 712 04 46
E-mail: peter.olsson@norionbank.se
About Norion Bank
Norion Bank Group is a business-oriented Nordic financing bank. The Group’s brands – Norion Bank, Walley and Collector – offer customized financing solutions that meet distinct needs in three customer segments: medium-sized corporates and real estate companies, merchants, and private individuals. As a specialist in financing solutions, Norion Bank Group is a leading complement to traditional large banks, with a vision of being the leading Nordic financing bank in its chosen segments.
Norion Bank offers corporate and real estate loans, as well as factoring for medium-sized corporates. The Walley brand offers flexible payment and checkout solutions to merchants and private individuals. The Collector brand offers personal loans and credit cards to private customers, as well as savings accounts to private individuals and companies. Norion Bank Group was founded in 1999 and has offices in Gothenburg, Stockholm, Helsingborg, Oslo and Helsinki. Business is conducted through Norion Bank AB (public), which is listed on Nasdaq Stockholm.
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