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Santander repurchases 10.9 million shares, spending €696.8 million

Banco Santander bought 10.9 million shares between Sep 17‑23, using €696.8 million and reaching about 38% of its authorised buyback allocation.

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Priya Anand · Equities & Earnings Desk · 26 Sept 2026 · 09:46 · 1 min read
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Santander repurchases 10.9 million shares, spending €696.8 million

Banco Santander S.A. announced that it repurchased 10.9 million shares under its share‑buyback programme approved by the board on Aug 10, 2026. The purchases were executed between Sep 17 and Sep 23 across four European trading venues – XMAD, CEUX, TQEX and AQEU.

The daily breakdown shows a peak on Thursday, when 6.3 million shares were bought at a weighted average price between €12.6149 and €12.6700. Tuesday’s activity added 2.2 million shares, while Monday’s purchases amounted to 1.4 million shares. Across the week, the weighted‑average price per share ranged from €12.5928 to €12.9668.

By Sep 23, Santander had spent €696.8 million on the repurchase, representing roughly 38.2% of the maximum investment amount earmarked for the programme. The total volume repurchased corresponds to about 18.3% of the bank’s outstanding shares as of 2021.

The transaction complies with Article 5 of Regulation (EU) No 596/2014 on market abuse and Articles 2.2 and 2.3 of Commission Delegated Regulation (EU) 2016/1052. The shares are listed under ticker SAN, ISIN ES0113900J37 and LEI 5493006QMFDDMYWIAM13.

This article was produced with AI assistance and edited by a Finance Review Daily journalist.
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Written by
Priya Anand
Equities & Earnings Desk

Priya covers listed equities and corporate earnings, reading quarterly results and guidance for what they signal about sector health and forward valuations.

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