BuybackJul 30, 2026, 07:06 AM
BBVA Announces EUR 2B Share Buyback Program, First Tranche EUR 1B
AI Summary
BANCO BILBAO VIZCAYA ARGENTARIA, S.A. (BBVA) announced a new share buyback program following authorization from the European Central Bank. The program allows for the buyback and cancellation of own shares up to a maximum aggregate amount of EUR 2,000 million, valid until July 16, 2027. The Board of Directors has resolved to carry out a first tranche of this program, with a maximum cash amount of EUR 1,000 million and targeting up to 483,221,729 shares, starting on August 5, 2026.
Key Highlights
- BBVA obtained ECB authorization for a EUR 2,000 million share buyback and cancellation program.
- The authorization is valid until July 16, 2027.
- The Board of Directors approved a new buyback program scheme for a maximum of EUR 2,000 million.
- A first tranche of the buyback program is set for a maximum cash amount of EUR 1,000,000,000.
- The first tranche aims to acquire up to 483,221,729 shares.
- Execution of the first tranche will start on August 5, 2026.
- The first tranche will end between September 14, 2026, and October 9, 2026, or when limits are reached.
- Purchases will be made on the Spanish Continuous Market, Cboe Europe, Turquoise Europe, and Aquis Exchange.
Price Impact
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