MADRID, Feb 28 (Reuters) - Spain's Santander said on Tuesday it intends to raise its return on tangible
equity ratio (ROTE) for the period 2023-2025 to between 15%-17%
from a current 13.37% thanks to higher lending and higher
interest rates in its core markets.
The lender also unveiled in a presentation to the Spanish
supervisor a new dividend pay-out policy for the period of 50%
of consolidated ordinary profit, compared to the previous policy
of 40%.
(Reporting by Jesús Aguado; editing by Inti Landauro)
Messaging: Reuters Messaging:
jesus.aguado.reuters.com@reuters.net))
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