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Santander UK CEO paid 4.1 mln stg for 2011
Fri, 16th Mar 2012 21:33
LONDON, March 16 (Reuters) - The head of Spanish bank Santander's British arm received 4.1 mil
Santander UK Chief Executive Ana Botin, who took up her role in December 2010, got a basic salary of 1.7 million pounds, along with bonuses and other benefits of 2.37 million.
Earlier this year, Santander UK had reported that pre-tax profits had fallen by around 40 percent to 1.26 billion pounds.
Its earnings were hit by having to pay out compensation to customers who were wrongly sold an insurance product, in a mis-marketing debacle that affected all major UK banks.
($1 = 0.6312 British pounds)
(Reporting by Sudip Kar-Gupta; Editing by Tim Dobbyn) Keywords: SANTANDER BRITAIN/PAY
(sudip.kargupta@thomsonreuters.com)(+44 207 542 9795/+44 207 542 7717)(Reuters Messaging: sudip.kargupta.thomsonreuters.com@reuters.net)
COPYRIGHT
Copyright Thomson Reuters 2012. All rights reserved.
The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.
lion pounds ($6.50 million) in total pay for 2011, Santander UK said in its annual report on Friday, despite the company posting a drop in profits.
Santander UK Chief Executive Ana Botin, who took up her role in December 2010, got a basic salary of 1.7 million pounds, along with bonuses and other benefits of 2.37 million.
Earlier this year, Santander UK had reported that pre-tax profits had fallen by around 40 percent to 1.26 billion pounds.
Its earnings were hit by having to pay out compensation to customers who were wrongly sold an insurance product, in a mis-marketing debacle that affected all major UK banks.
($1 = 0.6312 British pounds)
(Reporting by Sudip Kar-Gupta; Editing by Tim Dobbyn) Keywords: SANTANDER BRITAIN/PAY
(sudip.kargupta@thomsonreuters.com)(+44 207 542 9795/+44 207 542 7717)(Reuters Messaging: sudip.kargupta.thomsonreuters.com@reuters.net)
COPYRIGHT
Copyright Thomson Reuters 2012. All rights reserved.
The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.
