UBS paid CHF1.6 billion to buy back its own shares

UBS paid 1.6 billion to buy back its own shares Keystone-SDA

Swiss banking giant UBS has completed its share buyback programme launched on July 1.

+Get the most important news from Switzerland in your inbox

In the course of the operation, 52,582,575 UBS registered shares, representing 1.6% of the share capital, were acquired on a separate trading line for CHF1.6 billion ($2 billion).

In a press release published on Friday, Switzerland’s number one bank said it had kept its promises, buying back CHF3 billion worth of shares this year. The shares concerned are destined for destruction, which automatically increases the value of the remaining registered shares.

+ UBS boss dismisses Swiss exodus rumours as ‘absurd’

The operation launched in July was due to expire on November 30, 2027. Initially, UBS wanted to acquire some 60.6 million shares, representing 1.81% of the share capital. In February, in conjunction with the 2025 annual figures, the Zurich-based bank will present its new plans for shareholder remuneration.

Like dividend payments, share buyback programmes are a way of “rewarding” investors.

Translated from French by DeepL/ts

How we work 

We select the most relevant news for an international audience and use automatic translation tools to translate them into English. A journalist then reviews the translation for clarity and accuracy before publication.  

Providing you with automatically translated news gives us the time to write more in-depth articles. The news stories we select have been written and carefully fact-checked by an external editorial team from news agencies such as Bloomberg or Keystone.

If you have any questions about how we work, write to us at [e-mail]