BBVA bank logo is pictured in Seville, southern Spain March 14, 2016. REUTERS/Marcelo del Pozo/File Photo
MADRID, Jan 17 (Reuters) – Spain’s BBVA (BBVA.MC) expects to distribute more than 7 billion euros ($8 billion) to shareholders in 2021 and 2022, around a fifth of its current market capitalization, chairman Carlos Torres said in a post on the Spanish bank’s website on Monday.
Torres said the amount included a 3.5 billion euros share buyback already announced by the bank, of which the first 1.5 billion euros tranche is underway. read more
It also includes the expected dividends for the two years, applying the bank’s new policy of paying out 40-50% of profit, and based on analysts’ consensus profit estimate, the chairman said in the post.
Torres added the bank was open to additional investments and shareholder distributions “in order to be within our target range, with a capital ratio between 11.5 and 12 percent in 2024.”
($1 = 0.8757 euros)Reporting by Jesús Aguado Editing by Inti Landauro and Mark Potter
This article was originally published by Reuters.
The Dubai International Financial Centre (DIFC) today unveiled exceptional annual results for 2025, posting record-breaking…
Market accelerates well beyond levels seen in first two months of record-breaking 2025 Dubai, UAE, 4th…
Sale hailed as major sign of confidence in city’s real estate market and security in UAE …
India’s real estate capital is no longer Mumbai, London, or Singapore — it’s Dubai. The…
In a strategic leap forward for Gulf-European economic relations, the United Arab Emirates (UAE) and…
New development taking its cue from the world's longest-lived communities Dubai, UAE, 24th February 2026:…