2023 Highlights Digital Consumer Bank Europe
Strong performance drove higher gross organic capital generation and TNAVps +
Cash DPS growth of 15%, while improving our payout to 50%
%
FL CET1
TNAVps + Cash DPS
€ per share
Cash DPS: €14 cents
2023 shareholder remuneration
12.0
+c.50bps
like-for-like
+1.19
+15%
4.90
+0.09
12.5
12.3
-0.80
4.26
4.76
Dec-22
Organic Shareholder Regulatory
generation remuneration & others
Dec-23
pre-EBA SBB 2
Dec-23
2022
20233
Total shareholder
remuneration
+44% YOY
Cash dividend
per share
c.+50% YoY
Since 2021, Santander has repurchased c.9% of its outstanding shares4
Santander
Note: Our shareholder remuneration policy is c.50% payout split in approximately equal parts (cash and share buybacks). Cash DPS against 2023 results estimated as 25% of the profit for the year.
Implementation of 2023 shareholder remuneration policy is subject to future corporate and regulatory decisions and approvals.
(1) Dividend accrual during 2023 + impact on capital of share buybacks approved by regulator in 2023, and in line with our remuneration policy.
FL CET1 ratio previous to deducting 26bp resulting from the following of new EBA Q&A 2023_6887 released in Q4 of accruing share buybacks included in distribution policies.
TNAVPs + DPS includes the €5.95 cent cash dividend paid in May 2023 and the €8.10 cent cash dividend paid in November 2023 executed as part of the shareholder remuneration policy51
(4) Including €1,310mn from the first buyback programme against 2023 results completed on 25 January 2024.View entire presentation