Banco Santander to Launch EUR1.83 Billion Share Buyback Program

11:30 PM EDT, 08/10/2026 (MT Newswires) -- Banco Santander (SAN.MC, BNC.L) said Monday its directors approved a new share buyback program of 1.83 billion euros. The Spanish lender is looking to reduce its share capital through the scheme, with up to 1,468,931,950 shares targeted for acquisition. The new program is scheduled to begin on Aug. 24, 2026, subject to the anticipated completion on Aug. 21, 2026, of the bank's current share buyback program that is being executed with the assistance of Goldman Sachs International. The new program will run until Jan. 8, 2027, unless completed or terminated earlier.