MADRID—Spain’s BBVA expects to distribute more than 7 billion euros ($8 billion) to shareholders in 2021 and 2022, around a fifth of its current market capitalization, chairman Carlos Torres said in a po BBVA st on the Spanish bank’s website on Monday.
Torres said the amount included a 3.5 billion euros share buyback already announced by the bank, of which the first 1.5 billion euros tranche is underway.
