Caixabank activates share buybacks for 500 million to reduce its capital

Caixabank starts its share buyback program for up to 500 million euros. The bank led by Gonzalo Gortázar has informed the National Securities Market Commission (CNMV) of its launch after having obtained approval from the European Central Bank (ECB). The plan, which had already been announced, was pending this agreement and the bank’s objective is to repurchase these securities to amortize them.