Banco Santander Nears Completion of €5 Billion Buyback Program Before Temporary Suspension

summarizeSummary

Banco Santander reported the final share buyback transactions, totaling €2.83 billion or 56.3% of its €5 billion program, before its temporary suspension.

check_boxKey Events

• Buyback Program Update

  Banco Santander has repurchased shares totaling €2,829,295,540, representing approximately 56.3% of its €5 billion share buyback program.

• Final Transactions Before Suspension

  This report details the transactions carried out between April 16 and April 23, 2026, immediately preceding the temporary suspension of the buyback program from April 24 to May 26, 2026.

• Significant Share Reduction

  The total purchases under the program have resulted in the repurchase of approximately 16.9% of the company's outstanding shares as of 2021.

auto_awesomeAnalysis

This filing provides the final transaction details for Banco Santander's €5 billion share buyback program, reporting purchases totaling €2.83 billion (56.3% of the program) up to April 23, 2026. This update is significant as it precedes the temporary suspension of the program, which was announced to begin on April 24, 2026. The completion of over half of this substantial buyback program demonstrates the company's commitment to returning capital to shareholders and managing its share count, having repurchased approximately 16.9% of its outstanding shares as of 2021.