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Story summary
- BBVA will initiate its largest share buyback program totaling €3.96 billion starting December 22 as part of a four-year plan to distribute €36 billion to shareholders.
- The move follows the collapse of BBVA's Banco Sabadell takeover bid.
- The first tranche will be €1.5 billion.
- BBVA's core tier-1 capital ratio is 13.42%, above the target range.
- This follows a €993 million program and an interim €1.84 billion dividend in November.
