BBVA’s Treasury Stock Now Exceeds 5% But The Share Price Remains Unchanged
BBVA has increased its treasury stock to 5.28% of the bank’s capital, up from 4.38% previously, setting a record high since records began. The increase in treasury shares is in response to BBVA’s programme to buy back up to 3.5 billion euros of these shares. On 18 March 2022, BBVA’s general shareholders’ meeting approved a proposal to reduce the bank’s share capital by up to 10% through the redemption of…