trending Market Intelligence /marketintelligence/en/news-insights/trending/bzDrkwFrevUiLhlbYL5nXQ2 content
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

If your company has a current subscription with S&P Global Market Intelligence, you can register as a new user for access to the platform(s) covered by your license at Market Intelligence platform or S&P Capital IQ.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

In This List

Banco ABC Brasil launches new buyback program for preferred shares

Key Credit Risk Factors When Assessing Banks In The Context Of COVID-19

Street Talk Episode 61 - Investors debate if U.S. banks have enough capital in post COVID world

You Down With PPP? Consider The Risks

Street Talk Episode 60 - You Down With PPP? Consider The Risks


Banco ABC Brasil launches new buyback program for preferred shares

The board of Banco ABC Brasil SA approved a share buyback program that will allow the bank to repurchase up to 7.10% of its preferred shares, according to a company filing.

The company said that the repurchases, which can total up to 7,730,093 shares, would generate greater shareholder value while also providing capacity for variable remuneration payments to management.

The program will run for 18 months, ending on Sept. 25, 2020.

The repurchases will not have any impact on the bank's administrative structure or shareholder composition, the bank added.

As of year-end 2018, Banco ABC Brasil had more than 45 million reais available in capital reserves, and close to 1.20 billion reais in profit reserves.

Santander Corretora de Câmbio e Valores Mobiliários SA, Itaú Corretora de Valores SA and BTG Pactual Corretora de Títulos e Valores Mobiliários SA will serve as intermediaries for the buyback operation.