BBVA Sets March AGM to Seek Expanded Capital and Buyback Powers

Banco Bilbao Vizcaya Argentaria ( (ES:BBVA) ) has provided an update.

BBVA has convened its Annual General Shareholders’ Meeting in Bilbao for 19–20 March 2026, where investors will vote on the 2025 annual and consolidated accounts, non‑financial information, profit allocation and ratification of the board’s management. The agenda also includes re‑election and one new appointment to the board, renewal of Ernst & Young as auditor for 2026, and several shareholder governance items such as delegation of powers to the board and a consultative vote on the 2025 directors’ remuneration report.

Strategically, the meeting will ask shareholders to authorise the board to issue up to €8 billion in contingent convertible capital instruments, with the option to exclude pre‑emptive rights, and to repurchase shares and reduce the share capital by up to 10%, providing flexibility for capital optimisation. Investors will also be asked to approve the directors’ remuneration policy, allow variable pay of up to 200% of fixed salary for key risk‑taker staff, and endorse expanded options for remote attendance and voting, measures that together strengthen BBVA’s capital management toolkit and modernise its corporate governance framework.

More about Banco Bilbao Vizcaya Argentaria

Banco Bilbao Vizcaya Argentaria (BBVA) is a major Spanish banking group that provides retail and corporate banking, investment services and other financial products across Spain and internationally. The bank serves individuals, businesses and institutional clients, and is a key player in the eurozone financial sector with a strong focus on digital channels and shareholder engagement.

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