Covid relief frees €4.9bn of capital at Santander
Bank sees CET1 buffer climb to 272bp
Banco Santander’s solvency buffer increased over 40% in the first quarter as European authorities eased capital constraints on the region’s beleaguered lenders.
The Spanish lender’s minimum Common Equity Tier 1 (CET1) capital requirement dropped to 8.86% from 9.69% of risk-weighted assets (RWAs) over the first quarter following targeted Covid-19 relief measures implemented by the European Central
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