Garanti BBVA Launches 11 Billion Lira Share Buyback Program

Garanti BBVA has decided to initiate a program with a maximum duration of three years for the buyback of its shares traded on Borsa Istanbul. According to the plan publicly disclosed by the bank, the buyback transactions will be conducted within the specified framework. The program aims to repurchase shares with a nominal value of 85 million lira. For this purpose, the bank plans to allocate up to 11 billion lira. This amount demonstrates the financial size of the buyback program. Share buyback programs stand out as a tool that allows companies to regulate their market transactions regarding their own shares. Garanti BBVA's decision envisions a timeline that may extend over three years for its shares traded on Borsa Istanbul. The bank's statement clearly specifies the maximum duration of the buyback program and the amount of funds to be allocated. Details regarding the implementation of the program are expected to take shape within the relevant legislation. Not investment advice.

📊 GARAN — Piyasa Yorumu

▲ up · 62%

Garanti BBVA's announcement of an 11 billion TL share buyback program serves as a positive catalyst that strengthens the perception of institutional demand for the stock. The price is trading at 128.8, above the SMA20 (127.24) and SMA50 (126.83); the short-term trend structure remains intact. RSI is around 55, far from overbought territory, and MACD is slightly positive above its signal; momentum is upward, albeit limited. Although the 24-hour change is -0.39%, flat to negative, the buyback news could offset this weakness. Nevertheless, due to the possibility that the news is already priced in and general market conditions, I maintain a moderate level of confidence; a mild upward bias is expected in the 1-3 day horizon.

RSI 14

55.1

MACD

0.20

24h Δ

-0.39%

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