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Banco Santander ( (ES:SAN) ) has shared an update.
Banco Santander has executed a further capital reduction of EUR 98 million by cancelling 196,005,870 treasury shares, equivalent to about 1.32% of its share capital, following registration of the operation in the Commercial Registry of Santander. As a result, the bank’s share capital now stands at EUR 7.34 billion, divided into 14.69 billion shares with equal rights, and, after completing nine buyback programmes launched since 2021, it has retired a total of 2.65 billion shares, representing roughly 15.3% of its outstanding stock at that time, underscoring an ongoing capital management strategy that enhances earnings per share and signals confidence in the bank’s financial position for shareholders.
More about Banco Santander
Banco Santander is a global banking group headquartered in Spain, operating primarily in retail and commercial banking, as well as corporate and investment banking. It serves individuals, small and medium-sized enterprises and large corporates across Europe and the Americas, with a focus on traditional banking services, digital banking solutions and diversified financial products.
For an in-depth examination of SAN stock, go to TipRanks’ Overview page.