Santander receives 620 million from AXA for its lawsuit in the UK
The group's goodwill increases to €18.9 billion, after adding €5.553 billion for Webster and €777 million for TSB, based on future economic benefits.
Santander has received 618.9 million euros from AXA after a UK court ruled in favour of the bank in a long-standing dispute over insurance claims. The payment, made on October 5, is a provisional reimbursement and does not include other disputed amounts. The dispute, which began in 2017, relates to responsibilities for indemnifications and costs associated with a portfolio of payment protection insurance policies.
Santander's goodwill fund has increased to 18.923 billion euros, following the acquisitions of Webster in the US and TSB in the UK.
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