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Santander puts float on ice

Santander puts float on ice

Santander UK’s long awaited float has been delayed due to regulatory indecision over capital and leverage ratios, according to the Daily Telegraph.

The paper said Santander was awaiting clarity from UK and European regulators over capital and ratio levels, which was expected at the end of 2014, as well as the outcome of ring-fencing.

The Daily Mail reported that a float was now unlikely until 2015.

Santander UK’s pre-tax profits for 2013 were up 5% to £921 million. The bank said it had attracted 232,000 new current account customers from rivals.

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