BBVA has concluded this Monday the third and final tranche of the extraordinary share buyback program announced in December 2025, after acquiring shares for an amount of 1.460 billion euros within a global plan of 3.960 billion euros, the largest operation of this type carried out by the bank in its entire history.
According to a press release and a communication sent to the National Securities Market Commission (CNMV), between May 6 and August 3 of this year, BBVA acquired 70,339,213 shares, representing approximately 1.26% of its share capital.
In relation to this process, the entity has reiterated that, as it already indicated in the privileged information disseminated on the occasion of the launch of the third tranche, it will proceed to reduce its share capital by amortizing all the repurchased shares.
With the completion of this 3.960 billion program, BBVA has already accumulated six share buyback initiatives, three of an extraordinary nature (the recently completed one, another of 3.160 billion euros executed between 2021 and 2022, and an additional one of 1.000 billion in 2023), in addition to three linked to ordinary remuneration to its shareholders (422 million euros for 2022, 781 million for 2023, and 993 million for 2024).
BBVA closed June with a CET1 ratio of 12.90%, a level that, according to the entity, allows it to "continue growing strongly" and maintain an "attractive remuneration to shareholders," both through its ordinary policy and through its commitment to distribute excess capital that exceeds its 12% CET1 target.
Furthermore, BBVA has emphasized that this Wednesday, August 5, it will begin the execution of the first tranche, for 1.000 billion euros, of a new extraordinary buyback totaling 2.000 billion euros, as approved on July 30.