Tag: Santander Group (BME: SAN)

Santander bank
March 22, 2024 BY Simon Mugo

Spain’s Santander Bank Plans To Pay Over €6 Billion to Investors

The announcement suggests that Santander, the second-largest bank in the eurozone by market capitalisation, anticipates its net profit for 2024 to surpass €12 billion. The bank adheres to a 50% payout policy, evenly dividing the distribution of earnings between cash dividends and share buybacks. During the annual shareholder meeting, Santander's Executive Chair, Ana Botin, conveyed…

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Santander bank
February 19, 2024 BY Simon Mugo

Santander Unveils $1.57Bn Share Buyback, Ups Dividend Payout

The bank's shares saw a notable increase of 2.17% to 3.7530 euros in early trading at 0857 GMT, despite a year-to-date decline of 4.68% as of February 16. Santander outlined that the maximum share purchase price would be capped at 4.76 euros, and based on an assumed average price of 3.95 euros, it could acquire…

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Santander bank
February 14, 2024 BY Simon Mugo

Santander Says It Did Not Violate US Sanctions on Iran

An internal communication, initially disclosed by Bloomberg News and subsequently verified by Reuters, revealed that Santander's global head of communications announced the bank had undertaken an extensive examination of connections to entities and individuals mentioned in the FT report. The investigation concluded that there were no sanctions breaches within any segment of Santander's international operations.…

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July 19, 2016 BY Valentina Kirilova

Santander doubles the size of fintech fund to $200 million

After the international payments app launch last month, British bank Santander UK plc, wholly owned by the Spanish Santander Group (BME: SAN), announced that it has doubled the size of its fintech investment fund, from $100m to $200m, in what the bank describes as a sign of commitment to its philosophy of collaborating with startups. Santander…

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