Finance
Nordea Pushes Buybacks Into 2025, Disappointing Markets
- Analysts had modeled the next share buybacks for 2024
- Nordea in talks with ECB on buybacks after risk model approval
A Nordea Bank office in Stockholm.
Photographer: Mikael Sjoberg/BloombergThis article is for subscribers only.
Nordea Bank Abp signaled new share buybacks are in the works for early next year, letting down some investors who had expected new capital return already this year.
The biggest Nordic lender said on Monday that it has started talks with the European Central Bank on resuming share buybacks in early 2025 after receiving approval for some of its new risk models. It has bought back €5.5 billion ($6 billion) worth of its own stock since late 2021 across four programs.