Banco Bilbao Vizcaya Argentaria (BBVA) reports ongoing progress in the second tranche of its share buyback program. The bank states that shares purchased so far in this tranche total a cash amount of €494,934,300.00. This represents approximately 49.49% of the maximum cash amount authorized for the second tranche, based on transactions executed between 30 March and 2 April 2026 and managed by Citigroup Global Markets Europe AG.
Banco Bilbao Vizcaya Argentaria (BBVA) has carried out a partial share capital reduction approved by its Ordinary General Shareholders’ Meeting. The bank reduced its share capital by €36,732,017.98 through the cancellation of 74,963,302 treasury shares with a par value of €0.49 each, acquired in the first tranche of its share buyback program. After this cancellation, BBVA’s share capital stands at €2,760,662,645.02, represented by 5,634,005,398 shares. The reduction is charged to unrestricted reserves and does not involve any cash being returned to shareholders. BBVA will also seek delisting and accounting cancellation of the redeemed shares.
Banco Bilbao Vizcaya Argentaria, S.A. (BBVA) provides an update on the second tranche of its share buyback program. Based on trades managed by Citigroup Global Markets Europe AG between 23 March and 27 March 2026, the cash amount of BBVA shares purchased to date in this tranche is 274,303,200.00 Euros.
BBVA states this figure represents approximately 27.43% of the maximum cash amount planned for the second tranche of the buyback program.
Banco Bilbao Vizcaya Argentaria (BBVA) reports very strong regulatory capital and liquidity in its 2025 prudential (Pillar 3) disclosure. The Common Equity Tier 1 (CET1) ratio is 12.70% as of December 31, 2025, giving a cushion of 341 basis points over the 9.29% minimum requirement.
Total capital ratio stands at 17.21% versus an overall requirement of 13.44%, and the leverage ratio is 6.15%, comfortably above the 3.00% minimum. Liquidity metrics are also robust, with an average Liquidity Coverage Ratio of 140.08% and a Net Stable Funding Ratio of 126.37%. BBVA’s MREL ratios reach 28.89% of risk-weighted assets and 10.21% of the leverage exposure, exceeding respective requirements of 27.10% and 8.59%. The bank notes that the implementation of the new CRR3 framework from January 1, 2025 did not have a significant impact on its capital ratio.
Banco Bilbao Vizcaya Argentaria, S.A. (BBVA) reports resolutions approved at its Annual General Shareholders’ Meeting, covering capital, governance and remuneration matters. Shareholders authorized the Board to issue up to EUR 8,000,000,000 in contingent convertible securities (CoCos) over five years to meet regulatory capital requirements.
The Meeting also renewed and expanded capital management tools, allowing BBVA to repurchase up to 10% of its share capital over five years and to reduce share capital by up to 10% (up to EUR 279,739,466.30, or 570,896,870 shares of EUR 0.49) through redemption of treasury shares. Several independent and external directors were re-elected, one new independent director was appointed, and the number of directors was set at 15.
Shareholders approved a new Directors’ Remuneration Policy for 2026–2029, including a maximum of 5,000,000 shares for executive directors under variable pay and maintaining the share-based plan for non-executive directors. They also approved a variable pay cap of up to 200% of fixed salary for certain risk-taking staff, re-elected Ernst & Young, S.L. as 2026 auditor, and endorsed the 2025 directors’ remuneration report on a consultative basis.
Banco Bilbao Vizcaya Argentaria (BBVA) has approved a second share buyback program under its existing scheme, aimed at reducing its share capital by cancelling repurchased shares. The Second Tranche authorizes up to €1,000,000,000 in aggregate repurchases and a maximum of 482,353,131 BBVA shares.
Execution is scheduled to start on 23 March 2026 and will end no later than 8 December 2026, or earlier if the cash or share limits are reached, or if the company suspends or terminates the program. Purchases will take place on the Spanish Continuous Market and on the Cboe Europe, Turquoise Europe and Aquis Exchange trading venues.
Banco Bilbao Vizcaya Argentaria, S.A. (BBVA) has completed the first tranche of its share buyback program, reaching the previously announced maximum of 1,500 million euros. In total, BBVA acquired 74,963,302 of its own shares, which represents approximately 1.31% of its share capital as of this date.
The bank states that all purchases under this first tranche were notified in line with European market abuse rules. BBVA reiterates that the purpose of this tranche is to reduce its share capital by redeeming all shares acquired, and it expects to proceed with the redemption. J.P. Morgan SE acted as manager for the first tranche, including trades executed between 2 March and 6 March 2026.
Banco Bilbao Vizcaya Argentaria, S.A. (BBVA) filed a report describing the issuance and sale of three tranches of senior non-preferred notes under its existing shelf registration. The bank issued U.S.$1,000,000,000 of 4.150% Fixed Rate Notes due 2029, U.S.$1,000,000,000 of 5.127% Fixed Rate Notes due 2036 and U.S.$500,000,000 of Floating Rate Notes due 2029. The filing incorporates related pricing, indentures, note forms and legal opinions by U.S. and Spanish counsel into BBVA’s Form F-3 registration statement and prospectus supplement.
Banco Bilbao Vizcaya Argentaria, S.A. (BBVA) reported progress on the first tranche of its share buyback program. Based on data from J.P. Morgan SE, which manages this tranche, BBVA has purchased shares for a cash amount of €1,251,489,116.72.
This sum represents approximately 83.43% of the maximum cash amount allocated to the first tranche. The latest transactions under this tranche were carried out in BBVA shares between 23 February and 27 February 2026, in line with European market abuse regulations.
Banco Bilbao Vizcaya Argentaria, S.A. is offering three series of senior non-preferred notes to raise long-term funding: $1,000,000,000 of 4.150% fixed notes due 2029, $1,000,000,000 of 5.127% fixed notes due 2036 and $500,000,000 of floating-rate notes due 2029.
Interest on the fixed notes is paid semi-annually starting September 3, 2026; the floating-rate notes pay quarterly starting June 3, 2026. Settlement is expected through DTC on or about March 3, 2026 (T+6). The offering is subject to the exercise of the Spanish Bail-in Power and other regulatory and tax conditions described in the prospectus supplement.