Japan's Chiba Bank Ltd. plans to repurchase up to 22 million own shares for up to ¥10 billion.
The bank said the buyback plan is aimed at enhancing shareholders' return by improving its capital efficiency. The shares to be repurchased are equivalent to 2.88% of the bank's issued shares, excluding treasury shares.
The shares will be bought back between Aug. 6 and Sept. 20.
As of Aug. 2, US$1 was equivalent to ¥106.67.