Banco Santander Buys Back 16.3% of Shares Under Ongoing Programme

Banco Santander ( (ES:SAN) ) has provided an update.

Banco Santander has provided an update on its ongoing share buyback programme, launched under its board’s authorisation and in accordance with EU market abuse regulations. Between 27 February and 4 March 2026, the bank repurchased 24,084,830 of its own shares on exchanges including XMAD and CEUX at weighted average prices ranging from €9.56 to €10.88.

As of 4 March 2026, the total cash outlay on the programme has reached €1.82 billion, equivalent to about 36.1% of the authorised maximum investment. With these purchases, Santander has now bought back roughly 16.3% of its outstanding shares as of 2021, marking a substantial capital management move that reduces share count and can enhance earnings per share, potentially supporting shareholder returns and reinforcing its market positioning among European banks actively returning capital.

More about Banco Santander

Banco Santander, S.A. is a global banking group headquartered in Spain, operating across retail, commercial and investment banking, with a strong presence in Europe and Latin America. The bank focuses on mass-market retail customers, SMEs and corporate clients, offering lending, deposit, payments and wealth management services in mature and emerging markets.

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