SAN disclosed a compensation plan for Popular’s retail customers who had invested in the group be it in equity or hybrid instruments with the aim to secure them. According to management, the plan (€680m NPV) will have no capital impact “as it was already included in the adjustments of the first consolidation of Banco Popular”.
17 Jul 2017
Securing Popular’s franchise
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Securing Popular’s franchise
Banco Santander, S.A. (BNC:LON) | 389 21.4 1.4% | Mkt Cap: 61,601m
- Published:
17 Jul 2017 -
Author:
David Grinsztajn -
Pages:
2
SAN disclosed a compensation plan for Popular’s retail customers who had invested in the group be it in equity or hybrid instruments with the aim to secure them. According to management, the plan (€680m NPV) will have no capital impact “as it was already included in the adjustments of the first consolidation of Banco Popular”.