2023 Highlights Digital Consumer Bank Europe
Our business model and strategy deliver sustained earnings with lower volatility and
allow us to accelerate profitable growth and shareholder value creation
High profitable growth
Attributable profit¹ (€bn)
Increasing remuneration and strengthening capital
Dividends & Buybacks² (€bn)
Dividends³
Covid
11.1
Share buybacks
crisis
9.6
8.7
8.1 8.3
7.5
6.6 6.6
5.8
5.1
4.2
5.5
Covid crisis
3.8
3.5
3.3
3.0
2.3 2.5
1.7
1.1
0.5
2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023
2014 2015 2016 2017 2018 2019 2020 2021 2022 2023
ROTE¹ (%)
15.1
11.8 12.1 11.8
Covid
crisis
13.4
12.7
11.0 11.0 11.1
9.6
III
7.4
2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023
Santander
FL CET1 (%)
11.9 12.0 12.0
12.3
11.3 11.4
10.6 10.8
10.1
8.3
2014 2015 2016 2017 2018 2019 2020 2021 2022 2023
(1) Underlying.
(2) Total shareholder remuneration charged against the results corresponding to the calendar year: cash dividend + share buybacks, excluding scrip dividends. Our shareholder remuneration policy
for 2023 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.
(3) Cash dividend.
(4) Including acquisition of SC USA minority interest which closed on 31 January 2022 and the acquisition of Amherst Pierpont.
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