Deutsche Bank disclosed on Monday that it repurchased 2,192,965 shares between 7 and 11 September 2026 under its ongoing buyback programme, taking total repurchases since the programme began on 25 August 2026 to 5,121,715 shares.
The disclosure, released at 16:28 CET, formed the third interim report on the buyback programme, which the bank is required to publish periodically under market disclosure rules covering share repurchases.
DAILY VOLUMES VARIED THROUGH THE WEEK
Daily repurchase volumes during the period ranged from 216,670 shares on 10 September to 730,030 shares on 9 September, with weighted average prices for the week ranging between EUR 34.88 and EUR 35.49. The shares were bought across four trading venues: Xetra, Cboe, Turquoise and Aquis, reflecting the bank's use of multiple execution venues to complete the buyback efficiently.
The EUR 500 million programme began on 25 August 2026, immediately following the completion of a prior EUR 1.0 billion buyback programme. The succession of large repurchase programmes reflects Deutsche Bank's ongoing strategy of returning capital to shareholders as it continues to build out its capital distribution plans.
PROGRAMME FORMS PART OF WIDER CAPITAL RETURN
Deutsche Bank has increasingly relied on share buybacks alongside dividends as a mechanism for returning capital, a trend consistent across large European banks that have strengthened their capital positions in recent years. The regular weekly disclosures, required under transparency rules, allow investors to track the pace and pricing of repurchases in near-real time.
The bank did not indicate any change to the overall size or timeline of the EUR 500 million programme in Monday's release, with the interim reporting simply confirming progress against the existing target. Further weekly updates are expected to follow as the buyback continues.
Monday's disclosure represented the third interim report published since the EUR 500 million programme began, giving the market a running tally of how quickly Deutsche Bank is working through the authorised repurchase amount. With 5,121,715 shares bought back in roughly two and a half weeks, the pace of execution offers investors an early indication of the timeframe over which the bank is likely to complete the full programme.
The weighted average prices disclosed for the 7-11 September period, ranging from EUR 34.88 to EUR 35.49, provide a benchmark against which subsequent weekly reports can be compared as the buyback continues across the same four venues: Xetra, Cboe, Turquoise and Aquis.
Deutsche Bank's decision to launch the EUR 500 million programme immediately after completing its prior EUR 1.0 billion buyback highlights the bank's continued prioritisation of share repurchases as a capital return tool alongside its dividend policy. The succession of the two programmes, without any evident gap between completion of the larger buyback and the start of the current one, points to a steady cadence of capital distribution the bank has maintained through its periodic disclosure obligations under German and European market transparency rules.
The programme's use of four separate trading venues, Xetra, Cboe, Turquoise and Aquis, spreads execution across both the bank's home exchange and pan-European alternative venues, a common approach among large-cap issuers seeking to minimise market impact while completing sizeable weekly repurchase volumes.