UBS kicks off share buyback programme of up to US$2 billion

[ZURICH] UBS Group is launching a programme to repurchase as much as US$2 billion worth of its own shares, it said in a release on Monday (Jun 30).

The buyback is expected to kick off on July 1, it said, adding that the plan had been previously announced. The bank reiterated that it will “communicate its 2026 capital return ambitions with its fourth quarter and full-year 2025 financial results early next year.”

The Swiss government earlier this month proposed a host of new bank rules that it estimated could increase UBS’ capital requirements by as much as US$26 billion. Analyst have since warned that this could crimp the bank’s ability to make investor payouts. 

The capital rules won’t take effect for about a decade, and they can yet change as they go through Switzerland’s complex legislative process. BLOOMBERG