First Investment Bank Completes €13 Million Share Buyback
First Investment Bank announced on Thursday a share repurchase programme that allows the purchase of up to three million shares. The following day the bank completed a purchase of 2.75 million shares at €4.76 each, spending €13.09 million. The move was presented as part of the institution’s broader capital-management strategy.
The transaction, combined with other bank-related trades, pushed weekly turnover to €14.06 million, putting the institution at the top of the market for that week. This surge in activity placed the company ahead of its peers in the same trading period.
The buyback window runs from 23 October 2026 to 30 November 2026. Shareholder approval was recorded on 5 December 2025, while the central bank issued its decision on 9 October 2026 and published it on 12 October 2026. The timeline aligns with regulatory requirements for such transactions.
Shareholders set the maximum price equal to the book value per share from the most recent audited balance sheet before final programme parameters were disclosed. This ceiling ensures that the repurchase does not exceed the intrinsic value determined by the latest audited figures.
Using the 2025 non-consolidated report, equity of €1.77 billion divided by 149.085 million shares yields a book value of roughly €6 per share. The 2024 report would imply €5.51 per share. These calculations provide a benchmark for evaluating the attractiveness of the offer.
The most recent trade before the buyback occurred at €4.80, valuing the company at €716 million. Shares have risen 85.5% year-to-date and 48% over the past three months. The market price at the time of execution was slightly higher than the price paid by the bank.
The stated purpose of the repurchase is to allocate the reclaimed shares as remuneration for the bank’s directors. The allocation aims to align directors’ interests with those of shareholders.
