BCP in €110 million share buyback

Portugal’s high street bank BCP has spent €110 million on a share buyback programme, acquiring 182,927,697 shares worth 1.21% of its capital.

In a note sent to the Portuguese securities market commission (CMVM) between June 9-13 BCP acquired 9,519,403 ordinary shares representing its share capital.

And since April, the bank has bought back 182,927,967 shares for a total value of €110, 440,302.12 or 1.21% of its share capital.

On April 8, 2025, BCP reported that, on that date, its Executive Committee had approved “a buyback programme of its own shares to the total amount of €200,000,000.00, starting on April 14, 2025 and ending on October 14, 2025 (inclusive), without prejudice to the possibility of its early termination, namely by a decision from the Bank, or if the maximum number of shares to be acquired or the maximum pecuniary amount established are reached”, according to a note on its website.

The bank explained that within the scope of its 2025-28 Strategic Plan, “it plans to execute programmes to buy back its own shares, with the objective of ensuring, together with the payment of ordinary dividends, a distribution to shareholders of up to 75% of the consolidated net income generated from 2025 to 2028, subject to the approval of the competent authorities”.