Santander CFO Cantera on Covid-19 Impact, Earnings, Dividend

Jose Garcia Cantera, Santander's CFO, discusses the bank's financial performance amid the pandemic, highlighting impairments and provisions. Despite a $13 billion loss, underlying profitability remains strong. The ECB's dividend and bonus guidelines are addressed, with plans for future payments. The impact of COVID-19 on Spain's tourism is noted, and future business strategies are considered.

What did the ECB urge banks to do regarding dividends?

How did the pandemic affect the tourism industry in Spain according to Jose?

What changes in business models does Jose foresee due to the pandemic?