At the Annual General Meeting, Spanish banking products provider Banco Santander, S.A.'s (SAN,BNC.L) Chairman Emilio Botín said that the company will maintain its shareholder remuneration of 0.60 euros a share in 2013 for the fifth consecutive year.
Botín said that the bank would pay another dividend of 0.15 euors per share in May through the Santander Dividendo Elección, or scrip dividend, programme, taking shareholder remuneration for 2012 to 6.086 billion euros in cash and shares.
According to the company's estimates, at the end of 2013, the core capitalratio under Basel III would be 11%, in accordance with the approved implementationschedule, and 8% in terms of what the market calls 'fully loaded", that is to say, if thedeadline for the new requirements were brought forward to December 31, 2013, instead of in 2019 as planned.
Botín said that by the end of 2013, the Group's sales networks in Spain will be completely unified under the Santander brand.
Commenting on the outlook for 2013, Botín said "The trends will be similar to 2012: Emerging economies will to continue to grow and Europe will still be slow in showing clear signs of recovery, at least during the early part of the year."
Botín said the prospects for Spain were beginning to improve.
Botín listed the bank's goals for 2013: "once the coverage of real estate exposure in Spain has been completed, to returnto growth in profit; to maintain strong liquidity and capital positions; to carry out flawlessly the integrations underway in Spain and Poland."
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