Expansion / The entity, with a solvency of 12.44%, da to meet the requirements of the ECB in 2017.
Santander has given to meet the requirements of the ECB’s capital by 2017. The entity must have a solvency ratio of 7.75 percent, according to has communicated to the CNMV. The capital ratio of quality of the bank stood at the end of September in the 12,44%, so that the entity will have leeway when it comes to paying dividends and bonuses.
“Taking into account the current level of CET1 of Santander, both individually and as a consolidated, these capital requirements do not involve any of these limitations of distributions in the form of dividends, variable remuneration and coupon payments to the holders of the securities of tier 1 capital further,” said the bank.
José Antonio Alvarez, chief executive officer of the group, commented on these new requirements: “the strength of The business model of the Group and its geographical diversification, together with the buffers of capital existing in the Group and the current ratio fully-loaded CET1 of 10,47%, are a great support to continue implementing our strategy for the future”.
(Will large)
The ECB asks for Santander a capital of 7.75 percent, without limitations, for the payment of dividends
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http://entornointeligente.com/articulo/9320393/El-BCE-pide-a-Santander-un-capital-del-775-sin-limitaciones-para-el-pago-de-dividendos
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