NEARLY 1.75 million investors in lender Abbey will this week receive a pre-Christmas bonus following the bank's £9bn takeover.

Abbey said customers who received 100 or 200 shares at the time of its flotation in 1989 would get payouts of £31 or £62 respectively.

The move fulfilled a promise to pay a dividend of 31p a share to investors on the register when Abbey was taken over by Spanish bank Santander Central Hispano last month.

The tie-up created the fourth-largest bank in Europe and the eighth largest in the world. Abbey said just under ten per cent of its investors had requested packs that outlined how they could sell their shares, but it did not know how many had ultimately cashed in.

Investors who sold 200 shares at the time of the takeover would have netted £180, including yesterday's payout.

In addition, they received dividends paid out over the past 15 years.

Abbey said cheques had been sent to investors yesterday, although they may take some days to arrive because of the Christmas post.