BBVA completes the extraordinary share buyback program launched in December 2025 for nearly €4 billion
BBVA has completed the final tranche of the extraordinary share buyback program announced in December 2025. Between 6 May and 3 August 2026, the Group repurchased shares worth €1.46 billion, bringing to a close the largest share buyback program in its history, with a total value of €3.96 billion.
In total, during this final tranche, which has now been completed, BBVA repurchased 70.3 million shares, representing 1.26% of the bank’s share capital as of today. The repurchased shares will be cancelled and, consequently, BBVA’s share capital will be reduced.
With the completion of this extraordinary program, worth €3.96 billion, BBVA has now completed six share buyback programs, three of them extraordinary (the current programs, another worth €3.16 billion between 2021 and 2022, and one worth €1 billion in 2023) and three as part of its ordinary shareholder remuneration (worth €422 million charged against 2022, €781 million charged against 2023, and €993 million charged against 2024).
BBVA maintains a strong capital position (with a CET1 ratio of 12.90% at the end of June), enabling it to continue growing strongly while maintaining an attractive shareholder remuneration, both through its ordinary policy and through its commitment to distribute excess capital above its 12% CET1 target on a progressive basis¹.
Following this milestone, on 5 August the group will begin executing the first tranche, worth €1 billion, of the new extraordinary €2 billion share buyback program announced on 30 July².