Pareto Bank ASA (OB:PARB) commences share repurchases on February 14, 2023, under the program mandated by the shareholders in the Annual General Meeting held on March 31, 2022. As per the mandate, the company is authorized to repurchase up to 800,000 shares. The minimum and maximum amounts that can be paid per share shall be NOK 30 and NOK 90, respectively. The repurchased shares will be used for sale and transfer to permanent employees of Pareto Bank as part of the bank's scheme for profit sharing and share purchase program approved by the board. The authorization is valid until the next ordinary general meeting, but no longer than until 30 June 2023.

On February 13, 2023, the company announced a share repurchase program. Under the program, the company will repurchase up to 320,000 shares for NOK 15 million. The purpose of the program is to fulfill obligations arising as a result of the company's bonus program, as well as facilitate the implementation of its share purchase program. The program will commence on February 14, 2023 and end no later than March 25, 2023.