BNP Paribas to buy back €1.055 billion of shares

The BNP Paribas logo is seen on a building in Frankfurt. Boris Roessler/dpa

The French financial services major, BNP Paribas, said on Monday that it was launching a share repurchase program worth €1.055 billion ($1.14 billion).

The repurchase period begins on Monday and will end no later than April 23. The shares repurchased under the program will be cancelled.