In an exclusive agreement in the context of covid-19, over €400 thousand will be allocated to measures to combat the pandemic and its social repercussions. The agreement was signed today between Banco Santander and the University of Coimbra, at a ceremony held in the Senate Room attended by the rector, Amílcar Falcão, and the head of Santander Universities, Sofia Menezes Frère.
Santander is mobilising €100 million worldwide to fund initiatives to combat the coronavirus. The funds are being used throughout Santander’s home markets to buy medical equipment and support research into the virus through collaboration with universities and other bodies. The Together Solidarity Fund, which was set up by the Group on 23 March with €25 million, has now reached €54 million thanks to donations from the Group subsidiaries, employees across all the countries in which it operates and contributions from third parties.
Santander Scholarships initiative seeks to assist university community during coronavirus lockdown.
The board of directors will consolidate any dividend payment from 2020 earnings into a single payment in May 2021. The final amount of any dividend will be approved by the board once the full impact of the pandemic is known.
The board has reviewed the actions taken to date, as well as the bank’s contingency plans which are designed to protect the wellbeing of its employees, customers and shareholders while ensuring that it continues to meet its obligations to all stakeholders.