BBVA gets ECB approval for €3.96 billion share buyback program

Investing.com -- Spanish banking giant Banco Bilbao Vizcaya Argentaria SA (BME:BBVA) has received authorization from the European Central Bank for a €3.96 billion share buyback program, the company announced Friday.

The bank’s board of directors has approved the share repurchase plan, which will allow BBVA to buy back a maximum of 557,316,433 of its own shares.

The first tranche of the program will have a maximum aggregate cash amount of €1.5 billion. The execution of the buyback is scheduled to begin on Monday, December 22, 2025.

BBVA stated that the purpose of the share repurchase program is to reduce the bank’s share capital by cancelling the acquired shares.

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