Dividends & Buybacks ·
Banco Santander completes EUR1.83B buyback programme and plans capital reduction
SANBanco Santander, S.A.
Banco Santander has completed its share repurchase programme, acquiring a total of 150,595,100 own shares at a maximum investment of EUR 1,825 million. The bank intends to reduce its share capital by cancelling these shares, which represents approximately 1.03% of the Bank’s share capital and reduces the nominal value by EUR 75,297,550. This action is expected to increase profit per share for holders. The implementation of this capital reduction was approved at the ordinary general shareholders’ meeting on March 27, 2026, and authorized by the European Central Bank on July 20, 2026. Banco Santander operates as a multinational financial services company providing banking, insurance, and asset management products globally.