AB Artea Bankas received ECB permission to buy back own shares

Core Viewpoint - AB Artea Bankas has received approval from the European Central Bank to buy back up to 4,500,000 of its own shares over a one-year period starting from September 23, 2025, and plans to allocate up to 5% of its 2024 profit for this buyback initiative [1]. Group 1 - The European Central Bank granted permission for AB Artea Bankas to repurchase shares [1]. - The buyback will involve acquiring shares in the market within a one-year timeframe [1]. - The bank plans to allocate a portion of its profits for the buyback, specifically 5% of the 2024 profits [1]. Group 2 - The Management Board of Artea Bank will announce the decision regarding the buyback in a separate communication [2]. - Tomas Varenbergas, a member of the Management Board, emphasized the importance of informing stakeholders about the buyback decision [2].