Banco Santander spends €480 million on share buybacks in one week

Published 25/09/2025, 11:16
Banco Santander spends €480 million on share buybacks in one week

MADRID - Banco Santander S.A. (BME:SAN) has repurchased 6.4 million of its own shares between September 18 and September 24, 2025, according to a regulatory filing released Thursday.

The Spanish banking giant spent approximately €480 million on the purchases, representing about 28.2% of the maximum investment amount allocated for its current share buyback program. The weighted average price paid per share ranged from €8.49 to €8.70 across various European trading venues.

The transactions were executed across multiple trading platforms including the Madrid Stock Exchange (XMAD), CEUX, TQEX, and AQEU, with the majority of shares acquired through XMAD.

Banco Santander’s board of directors approved the current buyback program on July 30, 2025. Through this initiative, the bank has now repurchased approximately 14.5% of its outstanding shares since 2021.

The buyback program is being conducted in compliance with European market abuse regulations, specifically Article 5 of Regulation (EU) No. 596/2014 and Articles 2.2 and 2.3 of Commission Delegated Regulation (EU) 2016/1052.

The bank disclosed the information in accordance with securities market legislation as required for publicly traded companies. The announcement was made through a regulatory filing to the London Stock Exchange’s news service.

The filing included detailed transaction data showing the number of shares purchased on each date and the corresponding weighted average prices paid.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

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