This second tranche will end once the maximum monetary amount (\u20ac1 billion) has been reached or the maximum number of shares (482,353,131) has been acquired. The shares being repurchased will be used to reduce BBVA\u2019s share capital through their cancellation.<\/p>\n
Citigroup Global Markets Europe AG will be responsible for carrying out the purchases, for a total of 3 million shares per day, on the Spanish electronic trading system – Continuous Market and on the trading platforms of Cboe Europe, Turquoise Europe and Aquis Exchange.<\/p>\n
Share buybacks<\/a> are one of the ways companies and financial institutions return capital to\u00a0 shareholders. In BBVA\u2019s case, the bank maintains a strong capital base that allows it to continue growing robustly and to sustain attractive shareholder returns, both through its ordinary policy and through its commitment to distribute any excess capital above the upper end of its CET1 target range (12 percent)\u00b2.<\/p>\n BBVA\u2019s share buyback track record<\/p>\n In addition to the \u20ac3.96 billion extraordinary program currently underway, a total of five share buyback programs have been implemented to date, two of them extraordinary (\u20ac3.16 billion between 2021 and 2022<\/a> and \u20ac1 billion in 2023<\/a>) and three as part of ordinary shareholder remuneration (\u20ac422 million against 2022 earnings<\/a>, \u20ac781 million against 2023 earnings<\/a> and \u20ac993 million against 2024 earnings<\/a>).<\/p>\n","protected":false},"excerpt":{"rendered":"This second tranche will end once the maximum monetary amount (\u20ac1 billion) has been reached or the maximum…\n","protected":false},"author":2,"featured_media":2552,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[123],"tags":[148],"class_list":{"0":"post-4439","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-bbva","8":"tag-bbva"},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/spain\/wp-json\/wp\/v2\/posts\/4439","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/spain\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/spain\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/spain\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/spain\/wp-json\/wp\/v2\/comments?post=4439"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/spain\/wp-json\/wp\/v2\/posts\/4439\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/spain\/wp-json\/wp\/v2\/media\/2552"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/spain\/wp-json\/wp\/v2\/media?parent=4439"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/spain\/wp-json\/wp\/v2\/categories?post=4439"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/spain\/wp-json\/wp\/v2\/tags?post=4439"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}