Banco Bilbao Vizcaya Argentaria, S.A. (BBVA) announced on October 2, 2026, that it had completed the first tranche of its new €2 billion share buyback program. The tranche totaled €1 billion.
BBVA repurchased 40.2 million shares between early August and October 1, 2026, representing approximately 0.73% of its share capital. The bank plans to cancel the repurchased shares, reducing its overall share capital.
The buyback reflects BBVA’s commitment to shareholder distributions and confidence in its ability to generate capital. The announcement followed news the previous day that the bank had approved a €0.37 gross per share interim cash dividend for fiscal year 2026, payable on October 15, 2026. Together, the actions underscore BBVA’s shareholder remuneration policy.