santander Q120

Banco Santander fulfills its commitment to shareholders and raises cash dividend by 3%

The Covid19 Crisis Could Cut Santander’s Profits By 5%

Santander has became the first Ibex-35 company to quantify a preliminary impact on its accounts due to the effect of the coronavirus.In a statement to the Spanish Watchdog CNMV, the banking group said it expects no effect on its first quarter figures. But in a scenario of rapid recovery or “V”, the crisis will trim 5% off full-year 2020 profits, it added.