September 26, 2020

10,798 million euros until June


Banco Santander recorded record losses of 10,798 million euros in the first half of the year, when updating the value of its subsidiaries in the United Kingdom, the United States and Poland, which led to an accounting impairment of 12.6 billion, according to information published this Wednesday by the financial institution.

Santander will pay a stock dividend of 0.10 euros per share in 2020

Santander will pay a stock dividend of 0.10 euros per share in 2020

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The adjustment in the subsidiaries occurs after updating the value of goodwill and tax credits, but it is an accounting entry that does not affect either the liquidity or the capital of the group, whose solvency in CET1 terms – highest quality – It rises to 11.84%, says the bank.

However, ordinary profit continued to be positive in the first half of the year, of 1,908 million, 52.8% less than a year earlier, impacted by the effect of the coronavirus crisis, explains Santander in a note sent to the supervisor stock exchange, the CNMV.



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