Madrid, Jan 8 (EFE) .- The Banco Santander announced today that it expects its net attributable income has increased by just over 30 percent in 2014, which will place it at about 5,800 million euros (about 6.8000 million) in 2014.
In a statement to the Comisión Nacional del Mercado de Valores (CNMV) Spanish, the bank presented its forecasts today that its board of directors, at a special meeting, approved a capital increase of 7,500 million euros (8,850 million).
Also the bank approved a change in dividend policy, in which the payment is promoted in cash if the remuneration is reduced about 0.20 euros.
Regarding your accounts, Banco Santander explained that regardless of the effect of exchange, profit would increase by just over 40% in 2014.
Similarly, the entity estimates that its revenues will increase by about 6% compared to the year 2013, driven by net interest income and commissions, which expected to grow about 8% and 6%, respectively.
Similarly, the entity considers that allowance for credit losses will be reduced by approximately 10%, highlighting the cases of Brazil, Spain, UK and Portugal, while the NPL ratio of the group will be placed at 5.2%, with a coverage of 68%.
The entity headed by Ana Patricia Botín also foresees a rise in costs by approximately 3%. EFE
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