CAIXABANK (ES:CABK) has released an update.
CaixaBank S.A. has announced the launch of a share buy-back program with a 500 million euros budget, aimed at reducing the company’s share capital. The program is set to begin after July 31, 2024, and will last until January 31, 2025, unless the maximum investment is reached earlier or other circumstances dictate its termination. The buy-back plan may impact the CaixaBank Group’s solvency ratios slightly, with an illustrative decrease of around 0.22% across various capital ratios.
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