BBVA launches a share repurchase plan of almost 4,000 million, the largest in its history
BBVA launches the largest share buyback in its history. The entity will launch a program to acquire its own securities worth 3,960 million. It will start next Monday, December 22, and is part of the 36,000 million that it plans to distribute among its shareholders between 2025 and 2028, both through ordinary remuneration and additional distributions, as is the case with this program.
The bank had already explained that after the failure of the takeover bid for Banco Sabadell, it would use the excess capital to acquire securities of the entity itself. “We have followed an accelerated process with the supervisor to launch the program as soon as possible, which in turn has defined its size,” said BBVA’s financial director, Luisa Gómez Bravo.
The total amount of 3,960 million will consume 100 basis points of capital and will be deducted from the capital ratio this December after the pro forma CET1 ratio at the end of September was 12.42%, “above the target”, which is set at 12%.
