BBVA successfully completes its share buyback program for 3,160 million – Cinco Días

The BBVA bank has completed this Friday “successfully” the last segment of its repurchase of shares, having reached the maximum number of shares set, representing 9.6% of the entity’s capital, with a total value of approximately 3,160 million euros, as reported by the entity. BBVA thus concludes its repurchase framework program, which began in November 2021 and has reached 9.6% of the capital, as the bank had established as a target. “This is one of the largest buybacks of European banking shares to date,” he said in a statement. BBVA explained that this last execution within the repurchase program, of approximately 660 million euros, has been carried out by Citigroup between July 1 and August 19. The total number of treasury shares acquired was 149,996,808, representing approximately 2.3% of BBVA’s share capital as of this date. The first tranche of the entity’s buyback program, of 1,500 million euros, began on November 22, 2021 and ended on March 3. The total number of shares acquired was 281,218,710, representing 4.22% of the capital as of that date. The second tranche, of 1,000 million euros, began on March 16 and ended on May 16, with the acquisition of 206,554,498 shares, representing 3.1% of the capital as of that date. The bank has acquired a total of 637,770,016 shares.