BBVA has already consumed half (50.12%) of the first tranche of 1,000 million euros of its new share buyback program, endowed in total with 2,000 million, in the fourth week since its launch, according to what it communicated this Monday to the National Securities Market Commission (CNMV).
Between August 24 and 28, the entity acquired nearly 4.5 million shares at an average price of 24.83 euros per share, which represented an approximate outlay of 110 million euros.
With these operations, the bank chaired by Carlos Torres has already repurchased more than 20.2 million shares, at an average price of 24.8 euros per share, for which it has invested a total of 501.23 million euros.
This program, announced during the presentation of results for the first half of the fiscal year, is structured as follows: HSBC executes the orders on Cboe Europe, Turquoise Europe, and Aquis Exchange, while, through the broker Kepler Cheuvreux, purchases are carried out in the Continuous Market.
The forecast is that this first tranche will not conclude before September 14 nor extend beyond October 9, 2026, and, in any case, it will end when the maximum amount planned is reached or the maximum number of shares established, which is 483,221,729 shares.
This new plan adds to the extraordinary buyback program of nearly 4,000 million euros that the Basque bank concluded on August 3, the largest operation of this type in the history of the entity. With the closure of this program of 3,960 million, BBVA has already completed six share buyback initiatives, three of an extraordinary nature (the recently concluded one, another of 3,160 million euros executed between 2021 and 2022, and one of 1,000 million in 2023) and three linked to ordinary remuneration to its shareholders (422 million euros for 2022, 781 million for 2023, and 993 million for 2024).