Banco Santander repurchases €603 million in shares under buyback program

Published 09/10/2025, 11:12
Banco Santander repurchases €603 million in shares under buyback program

MADRID - Banco Santander S.A. (BME:SAN) has repurchased approximately €603.27 million worth of its own shares between July 30 and October 8, 2025, representing about 35.5% of the maximum investment amount under its current share buyback program.

According to a company statement released Thursday, the Spanish banking giant purchased 7.7 million shares during the period of October 2-8, 2025, across multiple trading venues including XMAD, CEUX, TQEX, and AQEU.

The weighted average purchase price for the shares during this week-long period ranged between €8.64 and €8.80 per share.

Since the program’s commencement, Banco Santander has repurchased approximately 14.6% of its outstanding shares as of 2021, the bank reported in its regulatory filing.

The buyback program was initially announced on July 30, 2025, following approval from Santander’s Board of Directors. The bank is conducting these transactions in compliance with European market abuse regulations and related delegated regulations governing share buyback programs.

The transactions were executed across various trading venues, with the majority of shares purchased on the Madrid Stock Exchange (XMAD).

The information was disclosed as part of Santander’s regulatory reporting requirements for its ongoing share repurchase activities.

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