Santander will save 1.6 billions due to cancellation of final 2019 dividend

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On Thursday, the lender canceled the payment of a final 0.13 euros per share dividend against its 2019 earnings to save the money to boost capital defences against the impact of the coronavirus outbreak.

Botin also said it was “now the time for Europe to rise to the occasion and lead a faster and more coordinated response” to the coronavirus.