BNP Paribas Launches a 1.15 Billion Euro Share Buyback Program
BNP Paribas initiates a share buyback program for a maximum amount of 1.15 billion euros, as authorized by the European Central Bank, the group announces.
Authorization and Implementation of the Buyback Program
The BNP Paribas share buyback program, set to begin on November 24, 2025, has been authorized by the European Central Bank. It is intended for the fiscal year 2025, and the maximum amount allocated to this program is 1.15 billion euros. The repurchased shares will be cancelled, according to the company's statement. BNP Paribas has entered into a contract with an independent investment services provider to manage the repurchase of the shares. The program is executed in compliance with Regulation (EU) No 596/2014 on market abuse. The company will publish weekly updates on the progress of the program.
Approval and Objectives of the Share Buyback
The share buyback program was approved during BNP Paribas's general meeting on May 13, 2025, as stipulated in the fifth resolution. The purpose is to cancel the repurchased shares or to meet obligations related to the issuance of securities. The program also provides for the acquisition of shares for external growth operations or the implementation of investment services. BNP Paribas may repurchase up to 10% of its capital, theoretically 113,081,067 shares, with a maximum repurchase price set at 102 euros per share, representing a maximum investment of 11.53 billion euros. This authorization is valid until November 13, 2026.
BNP Paribas: A European Leader in the Banking and Financial Sector
BNP Paribas is a European leader in the banking and financial sector, present in 64 countries with 178,000 employees. The group is structured into three main divisions: Commercial, Personal Banking & Services; Investment & Protection Services; and Corporate & Institutional Banking. The company has a strong presence in Belgium, France, Italy, and Luxembourg and extends its banking model to the Mediterranean basin, Turkey, and Eastern Europe. BNP Paribas implements a Corporate Social Responsibility strategy to contribute to a sustainable future while ensuring the performance and stability of the group.
