GlobalData
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UBS Group has revealed plans for a new share repurchase initiative, even as the Swiss government’s new proposals require it to hold more capital.
The buyback programme was authorised during its annual general meeting in April 2025.
The two-year programme will allow the bank to buy back up to $2bn of its shares.
"As previously announced, UBS intends to repurchase up to $2bn of shares in the second half of 2025," the company said in a statement issued on 30 June.
This follows the completion of a prior buyback programme launched in April 2024, which achieved its target of repurchasing $2bn in shares.
The Zurich-based bank plans to provide further details on its capital return strategy for 2026 when it releases its fourth-quarter and full-year 2025 financial results early next year.
Last month, the Swiss government proposed new capital rules, requiring UBS to boost its core capital by $26bn after acquiring Credit Suisse. This initiative aims to strengthen financial stability and avert future banking crises.
According to Reuters, the regulations would also require UBS to fully capitalise its foreign subsidiaries.
This decision comes as Switzerland seeks to strengthen banking regulations following the 2023 collapse of Credit Suisse.
Meanwhile, recently, UBS along with Pictet were also in the news for a data leak due to a cyber attack on their subcontractor, Chain IQ.
A Reuters report, referencing Swiss newspaper Le Temps, reveals that personal data of tens of thousands of UBS employees was compromised in the breach.
"UBS announces new $2bn share buyback programme" was originally created and published by Private Banker International, a GlobalData owned brand.
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