Business · Companies · 1 hr ago
Santander Brasil approves R$1.5 billion in interest payments to shareholders
Santander Brasil’s board approved a R$1.5 billion payout in gross interest on equity.
The bank disclosed the decision in a notice to shareholders.
The payments are proposed for the bank’s shareholders and are known in Brazil as interest on equity.
The board approved a proposal put forward by the bank’s executive management.
The payout still needs approval at the 2027 annual meeting.
The notice does not give payment dates or say how much individual shareholders would receive.
Santander Brasil approved a proposal to distribute R$1.5 billion in gross interest on shareholders’ equity.
The proposal was made by the bank’s executive board and approved by its board of directors.
The distribution remains subject to approval at the Ordinary General Meeting to be held in 2027.
The bank announced the decision in a notice to shareholders.
- Who
- Banco Santander (Brasil) S.A.
- What
- Its board approved a proposal to distribute R$1.5 billion in gross interest on shareholders’ equity.
- When
- The notice was reported on October 14, 2026; the shareholders’ meeting is to be held in 2027.
- Where
- Not stated
- Why
- Not stated
This story does not have two clearly opposing sides.
UOL reported that Santander Brasil had announced its board’s approval of the proposed distribution.
The proposal is due to be submitted to the Ordinary General Meeting for approval.
- Gross proposed distribution
- R$1.5 billion
- Payment type
- Interest on shareholders’ equity (JCP)
- Approving body
- Board of directors
- Proposing body
- Executive board
- Required further approval
- Ordinary General Meeting in 2027