Shares were bought at a price of RON1.8240 per unit.
Between January 7 and 11, the lender had bought back 3.5 million of its own shares for RON7.3 million.
On April 25, 2018, Banca Transilvania shareholders approved a decision regarding the repurchase of a maximum 35 million of the lender’s own shares, accounting for 0.8062% of the overall shares included in the bank’s share capital, for a period of 18 months at most.
The program is part of a stock option plan for the unfolding of a staff loyalty program over a period of at least three years, as well as the payment of fixed remunerations.
Regional investment fund SIF2 Moldova remains the biggest shareholder of Banca Transilvania, holding 7% of the lender’s share capital.