Santander to Combine Openbank, Santander Consumer Finance
October 27 2020 - 7:05AM
Dow Jones News
By Pietro Lombardi
Banco Santander SA said Tuesday that it plans to combine its
Openbank and Santander Consumer Finance businesses to create a
global digital consumer bank.
The Spanish bank also said that shareholders have approved a
script dividend that will take total compensation for 2019 to 0.2
euros ($0.24) per share. Shareholders also green-lighted a cash
dividend of EUR0.10 a share for 2020, pending regulatory
approval.
Write to Pietro Lombardi at pietro.lombardi@dowjones.com;
@pietrolombard10
(END) Dow Jones Newswires
October 27, 2020 06:50 ET (10:50 GMT)
Copyright (c) 2020 Dow Jones & Company, Inc.
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