MADRID, 21 Abr. (EUROPA PRESS) -

BBVA has completed its second share program, launched on March 20, after having reached the maximum amount set, of 422 million euros, as reported by the bank this Friday in a statement.

The total number of shares acquired by BBVA in execution of this buyback program has been 64,643,559 treasury shares, representing approximately 1.07% of the share capital.

BBVA has carried out the repurchase of shares in this program on the Spanish Continuous Market and on the DXE Europe, in which the entity set a daily target of acquiring 2,500,000 and 500,000 shares, respectively.

This second BBVA repurchase plan forms part of the shareholder remuneration corresponding to the 2022 financial year.

In total, the entity has dedicated 3,015 million euros (47% of the attributable profit of last year) to remunerate its shareholders, adding the cash dividend of 43 gross euro cents per share and this share repurchase.

The bank has highlighted that this remuneration is "consistent" with the group's shareholder remuneration policy, which contemplates distributing between 40% and 50% of the profit for the year annually, with the option of combining the payment in cash with the repurchase of Actions.

This is the second share repurchase that the entity has carried out in the last two years. Specifically, in August 2022, BBVA completed another share buyback program for an amount of 3,160 million euros, one of the largest in Europe.

In said repurchase, the bank acquired a total of more than 637.7 million shares, representing 9.6% of the entity's capital at that date.

The purpose of this second buyback program is to reduce BBVA's share capital by amortizing the shares acquired.