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Banco Santander ( (ES:SAN) ) has provided an update.
Banco Santander has completed a €1.7 billion share buyback programme, repurchasing and cancelling 196,005,870 shares, equivalent to about 1.32% of its share capital, and formally approving the associated capital reduction via its executive committee. Following the cancellation, the bank’s share capital now stands at €7.34 billion, represented by 14.69 billion shares, and the move is framed as a shareholder-remuneration measure designed to lift earnings per share by reducing the number of shares in circulation, without triggering creditor objection rights or requiring bondholder syndicate consent; cumulatively since 2021, Santander has bought back and cancelled roughly 15.3% of its outstanding shares, underscoring an aggressive capital return strategy that tightens its share base while remaining within regulatory constraints.
More about Banco Santander
Banco Santander S.A. is a global banking and financial services group headquartered in Spain, operating as a credit institution with shares listed on Spanish and international stock exchanges. The bank provides a broad range of retail and corporate banking, lending, and capital markets services to individuals, businesses and institutional clients across multiple geographies, with a strong presence in Europe and the Americas.
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