Business · Companies · 9 hrs ago
Garanti BBVA approves share buyback programme worth up to 11 billion lira
Garanti BBVA has approved a share buyback programme for its own shares.
The programme is due to start on November 4, the day after the bank announced it.
The bank can repurchase shares with a nominal value of up to 85 million lira.
It has set a maximum of 11 billion lira for the buybacks.
A share buyback is when a company uses funds to purchase its own shares.
The programme is set to run for three years, and the bank has not given further details about its plans for individual purchases.
Garanti BBVA has approved a share buyback programme with funding of up to 11 billion lira.
The programme will cover shares with a maximum nominal value of 85 million lira.
The bank said the programme is due to begin the day after its announcement.
The programme is set to run for three years.
- Who
- Garanti BBVA.
- What
- It approved a share buyback programme with funding of up to 11 billion lira and a maximum nominal share value of 85 million lira.
- When
- The decision was reported on November 3, 2026. The programme is due to begin the following day.
- Where
- Not stated.
- Why
- Not stated.
This story does not have two clearly opposing sides.
Garanti BBVA announced its decision to launch a share buyback programme.
The programme is due to begin.
- Maximum funding
- 11 billion lira
- Maximum nominal value of shares
- 85 million lira
- Programme duration
- 3 years
- Announcement date
- November 3, 2026