Dividends

In application of the Bank’s current shareholder remuneration policy, consisting of a total shareholder remuneration target of c. 40% of the Group’s underlying profit, split approximately in equal parts in cash dividend payments and share buybacks, the board of directors today approved the payment of an interim cash dividend against 2022 results of 5.83 euro cents per share, equivalent to c. 20 % of the Group’s underlying profit in the first half of 2022.

  • The interim dividend will be paid from 2 November 2022;

  • The last day to trade shares with a right to receive the interim dividend will be 28 October 2022, the ex-dividend date will be 31 October 2022 and the record date will be 1 November, 2022.

In addition, also in application of such policy, the board has agreed to implement a share repurchase programme for an amount equivalent to c. 20% of the Group’s underlying profit in the first half of 2022 (i.e. a programme of approximately 979 million euros), which is expected to start once the applicable regulatory approval has been obtained. A further announcement setting out additional information on the terms of the share repurchase programme will be made before it commences.
The implementation of the remainder of the shareholder remuneration policy for 2022 is subject to the appropriate corporate and regulatory approvals.

Further information on shareholder remuneration can be found in the following sections of this website:

Exercise
Date
Gross
Net
Class
Type
Exercise
Dividend Yield
Ex-dividend Date