(CercleFinance.com) – BBVA announces that having obtained the green light from the ECB, it is starting this Monday the execution of a new share buyback program for one billion euros, a program which aims to distribute exceptional to its shareholders.
Its solid capital position (with a fully loaded CET1 ratio of 12.99% in June 2023) prompted the Spanish bank to announce, on July 28, its intention to proceed with this new program, which is in addition to the distributions regular dividends.
Since 2021, BBVA has redistributed 8.2 billion euros to its shareholders. With the recently announced interim dividend on 2023 results and these exceptional share buybacks, the total amount will increase to more than 10.2 billion.
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