BBVA Lands Regulatory Nod for EUR4 Billion Repurchase Plan; First Tranche Set to Begin

03:30 AM EST, 12/19/2025 (MT Newswires) -- Banco Bilbao Vizcaya Argentaria (BBVA.MC), d/b/a BBVA, secured the European Central Bank's authorization to carry out a 3.96 billion-euro stock repurchase plan. The buyback program will be conducted in one or more tranches until Dec. 8, 2026, according to a Friday release. The repurchased shares will be cancelled. As such, the Spanish lender intends to initiate the first tranche worth up to 1.5 billion euros on Dec. 22, 2025, with purchases to be executed until April 7, 2026, at the latest.