CaixaBank boosts share buybacks and commits €2.8bn to hotel sector

CaixaBank announced the repurchase of 1,229,444 of its own shares for a total of €14.12 million, continuing a €500 million buy‑back programme that has already reduced its share capital by more than 11 % since the plan was launched earlier this year. The bank said the purchase is intended to enhance earnings per share and return value to existing shareholders.

In a parallel move, CaixaBank confirmed an additional €2.8 billion of credit will be made available to the Spanish hotel and tourism industry under its renewed agreement with the Confederación Española de Hoteles y Alojamientos Turísticos (CEHAT). The funding aims to support more than 16,000 hotels, hostels and campsites for investments, upgrades and daily operating needs, extending the bank’s previously announced €4.3 billion financing for the sector.