ABN AMRO says it has completed the share buyback programme it announced at the time of its first-half results on 31 July 2006. A total of 70.5 million shares were purchased at an average price of Euros 22.74, bringing the total value to Euros 1.6 billion.
As part of its capital management policy, ABN AMRO had re-purchased Euros 750 million of its own shares. In addition, 30.5 million shares were re-purchased in conjunction with the neutralisation of the interim stock dividend for 2006. ABN AMRO has also purchased 7.7 million shares for staff options.
In the first half of 2006, ABN AMRO had bought back shares worth Euros 600 million. This brings the total number of shares repurchase for the year to 95.9 million with a value of Euros 2.2 billion.
The Dutch bank says it will continue to evaluate the potential for future share buybacks.