Garanti BBVA launches share buyback program
Original headlineGaranti BBVA pay geri alım programı başlatıyor
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Garanti BBVA said it will launch a share buyback program of up to three years covering shares traded on Borsa Istanbul, with up to 11 billion lira allocated to repurchase shares with a nominal value of 85 million lira. The move matters as a large, multi-year capital return commitment from the Turkish lender. Watch for execution pace and the actual number of shares repurchased under the program.
Muhabbit's AI wrote this summary in its own words from Dünya's report and translated it from Turkish. It can get details wrong, so check the source.
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Garanti BBVA, Borsa Istanbul