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MADRID - Banco Santander (BME:SAN) S.A. has announced significant progress in its share buyback program, having expended approximately 91.6% of the allocated funds as of May 13, 2025. The Spanish banking giant has repurchased around 14% of its outstanding shares since the program’s commencement, as indicated in the initial communication on February 5, 2025.
The buyback program, which is part of the bank’s capital allocation strategy, has seen Banco Santander spend 1.45 billion euros on its own shares within the week spanning May 7 to May 13. This move is consistent with the objectives outlined by the bank’s Board of Directors and complies with the relevant EU market abuse regulations.
During the week, Banco Santander executed multiple transactions across several trading venues, including XMAD (Madrid Stock Exchange), CEUX (CBOE Europe), TQEX (Turquoise), and AQEU (Aquis Exchange). The total number of shares purchased in this period amounted to 7.7 million, with individual transaction details such as the number of shares and the weighted average price made available in the bank’s disclosure.
The bank’s actions reflect a significant investment in its own equity, underlining a commitment to managing its capital effectively. The buyback initiative is part of a broader trend among financial institutions to optimize their balance sheets and return value to shareholders.
Investors and market observers have noted the bank’s approach to capital distribution, with the buyback program serving as a key element of its strategy. The repurchase of shares can often signal confidence in the company’s financial health and future prospects.
Banco Santander has provided a detailed account of the transactions completed during the specified period, ensuring transparency in its market operations. This information is based on a press release statement from Banco Santander and reflects the bank’s adherence to regulatory requirements and its communication obligations to shareholders and the market at large.
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