Banco Santander Commences €1.31 Billion Share Buyback Program

Banco Santander (BME:SAN), a prominent Spanish financial institution, has officially launched a share buyback program valued at €1.31 billion ($1.38 billion), as declared in a late Wednesday announcement. The implementation of this buyback initiative kicked off on Thursday and is slated to run until January 25, 2024, or until the predetermined maximum allocation is attained.

The remainder of the shareholder remuneration strategy for the current fiscal year remains contingent upon forthcoming corporate and regulatory endorsements.