StockWatch
·
Commercial Banks
BuybackOct 2, 2026, 06:07 AM

BBVA Completes 1 Billion Euro Share Buyback Tranche

AI Summary

BBVA announced the completion of the first tranche of its New Program Scheme, having reached the maximum monetary amount of 1 billion euros. The bank acquired a total of 40,204,840 own shares, representing approximately 0.73% of its share capital. BBVA plans to redeem these acquired shares to reduce its share capital.

Key Highlights

  • BBVA completed the first tranche of its New Program Scheme, acquiring 40,204,840 own shares.
  • The acquired shares represent approximately 0.73% of BBVA's share capital.
  • The maximum monetary amount of 1,000 million euros for the first tranche has been reached.
  • BBVA intends to redeem all acquired own shares to reduce its share capital.