Santander mulls special payout
Santander may have to return cash to shareholders next year through a special dividend. Regulators are pressing banks to increase their capital ratios and Santander is set to overshoot its target.
The bank has a target for core tier one capital of seven per cent of risk-weighted assets but expects to reach 8.5 per cent. “At this rate, we would then have to take a decision – either we do a bigger payout, an extraordinary dividend, a payback, or we stay with 8.5 per cent until the legislative clouds have cleared,” chief executive Alfredo Sáenz told the Financial Times.