BBVA has already completed 59.02% of the first tranche of 1 billion euros of its new share buyback program, endowed in total with 2 billion, according to what it communicated this Monday to the National Securities Market Commission (CNMV).
Between August 31 and September 4, the entity acquired around 3.55 million shares at an average price of 25.06 euros per share, which represents an outlay close to 89 million euros.
In total, the bank chaired by Carlos Torres has repurchased so far more than 23.75 million shares, at an average price of 24.86 euros, for which it has invested a total of 590.3 million euros.
This program, announced during the presentation of results for the first half, is executed through HSBC in Cboe Europe, Turquoise Europe, and Aquis Exchange, while the broker Kepler Cheuvreux channels the orders in the Continuous Market.
The forecast is that this first tranche will conclude no earlier than September 14 and no later than October 9, 2026, or when the maximum amount planned is reached or the maximum number of shares, set at 483,221,729 shares.
This plan is added to the extraordinary buyback program of nearly 4 billion euros that the Basque entity concluded on August 3, considered the largest operation of this type in the history of the bank.
With the completion of this program of 3.96 billion, BBVA already adds six buyback plans: three of an extraordinary nature (the recently concluded one, another of 3.16 billion between 2021 and 2022, and one of 1 billion in 2023) and three linked to ordinary shareholder remuneration (422 million euros for 2022, 781 million for 2023, and 993 million for 2024).