Poland, Turkey, And India Lead Global Gold Purchases In 2024

by THEFUTURE.TEAM

February 10, 2025

Poland’s central bank has continued its strategy of increasing its gold reserves, which reached 450 tonnes in 2024, placing it 13th globally in terms of stock size. Gold now makes up 17% of Poland’s foreign exchange reserves, which total over $220 billion, according to data from the World Gold Council.

The Polish central bank has been the largest net buyer of gold in 2024, acquiring 90 tonnes, followed by Turkey (75 tonnes) and India (73 tonnes). This move aligns with a broader trend of countries strengthening their financial positions through gold, which is seen as a safeguard against economic instability.

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Poland plans to increase the proportion of gold in its reserves to 20%, which could elevate the country to 11th place in the global rankings, approaching the European Central Bank’s gold reserves of around 506 tonnes.

Globally, central banks hold over 30,000 tonnes of gold, with the largest reserves held by the United States (8,100 tonnes), followed by Germany, Italy, France, Russia, and China. As Poland continues to build its gold stockpile, it is positioning itself as a key player in the global financial landscape, with the value of gold providing a solid financial foundation in times of economic uncertainty.

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Eurobank Approves €258.7M Dividend And €288M Share Buyback

by THEFUTURE.TEAM

April 29, 2026

Robust Dividend And Share Repurchase Initiatives

Eurobank S.A. shareholders approved a dividend distribution of €258.7 million at the annual general meeting held on April 28. The resolution was supported by approximately 77% of paid-up capital, representing more than 2.77 billion voting shares. The dividend will be paid from special reserves and remains subject to approval by the European Central Bank.

Strategic Share Buyback And Capital Optimization

In addition, shareholders approved a share buyback programme of up to €288 million over the next 12 months, pending regulatory clearance. The programme includes the cancellation of 28,097,019 own shares, which will reduce share capital by approximately €6.18 million. Following this adjustment, total share capital is set at €792,751,032.04, divided into around 3.6 billion ordinary voting shares with a nominal value of €0.22 each.

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Enhanced Executive And Employee Incentives

Alongside capital measures, the meeting addressed remuneration. Shareholders approved an allocation of €35.2 million from special reserves for employee compensation. A five-year programme was also introduced to distribute shares to eligible executives and employees of Eurobank and affiliated entities. In parallel, a revised variable remuneration framework allows selected senior executives to receive up to 200% of fixed pay.

Governance And Audit Oversight Reforms

Changes were also made at the board level. Alexandra Reich was appointed as an independent non-executive director, replacing Jawaid Mirza. Following this appointment, eight of the thirteen board members are classified as independent. Amendments to the articles of association introduce flexibility in board terms and allow partial renewals.

Strengthening Audit And Sustainability Commitments

On the audit side, KPMG Certified Auditors S.A. was appointed as the statutory auditor for 2026. The fee is set at €1.8 million for statutory audits of separate and consolidated financial statements, with an additional €0.3 million allocated for assurance of the sustainability statement. The meeting also approved the 2025 remuneration report and confirmed committee fee arrangements, alongside updates on audit committee activity and independent director reporting.

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