By Adria Calatayud

Banco Bilbao Vizcaya Argentaria is launching a share buyback program of up to 1 billion euros ($1.06 billion) after it received authorization from the European Central Bank.

The Spanish bank said Monday that the buyback program, under which it intends to repurchase up to 564.6 million shares, will start Monday and end no later than September 2024.

BBVA said in July it had requested ECB authorization to launch a buyback program alongside its second-quarter results.

Write to Adria Calatayud at adria.calatayud@dowjones.com

(END) Dow Jones Newswires

October 02, 2023 02:11 ET (06:11 GMT)

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