BBVA and Banco del Bajío execute major financial maneuvers

BBVA has announced the launch of the second phase of its share buyback program. The bank intends to repurchase an additional 1,000 million euros, completing a total program of 2,000 million euros. The operation, managed by JP Morgan, involves a maximum of 507.8 million shares and is scheduled to run from October 14 until early 2027. This move is part of a broader shareholder remuneration plan totaling 36,000 million euros through 2028.

In Mexico, Banco del Bajío (BanBajío) has returned to the local debt market after seven years with an offering of 7,500 million pesos in long-term banking stock certificates. The funds are intended to strengthen the bank's financial position to support its growth strategy. The issuance received high credit ratings from Moody’s Local México and HR Ratings. The transaction was part of a revolving program authorized for up to 15,000 million pesos.