BuybackMar 29, 2026, 08:57 PM
Banco Santander Announces €5.03 Billion Share Buy-Back Programme
AI Summary
Banco Santander's Board of Directors has approved a share buy-back programme for approximately €5.03 billion. This includes €1.83 billion related to 25% of the Group’s underlying profit for the second half of 2025 and an extraordinary buy-back of €3.2 billion from the sale of Santander Bank Polska.
Key Highlights
- Total buy-back amount: €5.03 billion.
- €1.83 billion corresponds to approximately 25% of the Group’s underlying profit for the second half of 2025.
- €3.2 billion relates to the sale of 49% of Santander Bank Polska to Erste Group.
- Programme duration: February 4, 2026, to July 21, 2026.
- Maximum number of shares: 1,326,455,826, but estimated at c. 470 million assuming an average purchase price of €10.60.