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Santander targets over €20 billion profit by 2028

Santander aims to hike its profit by over 40% in the next three years to above €20 billion, helped by growth in its US and UK markets, a rise in customer numbers and cost savings from its IT transformation, it said today.

Business • 25 Feb

Santander boss Botin warns of trade tension uncertainty

Spain's Santander said today it continued to gain customers in the first quarter and was on track to meet its full-year revenue and profitability targets.

Business • 04 Apr 25

Santander's €10 billion in buybacks after record profits

Santander said today it expects to return €10 billion to investors through share buybacks from 2025 and 2026 earnings and anticipated excess capital.

Business • 05 Feb 25

Santander's profit rises as Spain offsets UK weakness

Santander has today posted an 11% rise in first-quarter net profit as Spain led a solid retail banking performance in Europe that offset weakness in Britain and higher provisions.

Business • 30 Apr 24

Santander Q4 profit at record high on Europe lending

Spain's Santander is targeting higher profitability this year after record fourth-quarter net earnings beat forecasts on increased lending income in Europe and Brazil.

Business • 31 Jan 24

Spain's Santander is the euro zone's second-biggest lender in terms of market value

Santander's Q3 profit up 20% on higher lending income

Spain's Santander said today that its net profit in the third quarter rose 20% from the same quarter in 2022 thanks to higher lending income in Europe, which offset a weaker performance in the US.

Business • 25 Oct 23

Santander's quarterly profit climbs on efficiency gains

Spain's Santander said today that its net profit in the first quarter beat forecasts, rising 58% on the same period a year earlier thanks to higher revenues and efficiency gains in Europe.

Business • 26 Apr 22

Santander reiterates profitability target despite war

Spain's Santander today said it was on track to meet its 2022 profitability target due to a solid business performance mainly in its American markets and a recovery in Europe.

Business • 01 Apr 22

Santander's Ana Botin and Italian banker Andrea Orcel

Santander ordered to pay Orcel €68m after losing court

A Madrid court has ordered Santander to pay Italian banker Andrea Orcel €67.8m over an offer to make him CEO which the Spanish bank withdrew, a pricey twist in an employment dispute that has captivated the world of high finance.

Business • 10 Dec 21

Santander's profit beats forecasts on solid markets

Santander has today beaten forecasts with a 24% rise in third-quarter net profit on the back of lower loan loss provisions and a strong performance in Britain.

Business • 27 Oct 21

Ana Botin and Andrea Orcel at today's court hearing in Madrid today

Santander boss Botin defends Orcel CEO offer in court

Santander boss Ana Botin has today defended the bank's actions in a court hearing over the withdrawal of an offer more than two years ago to make Italian banker Andrea Orcel its chief executive.

Business • 19 May 21

Santander's executive chairman Ana Botin

Santander sees better core profits for 2020

Spain's Santander has forecast an improvement of core profits for 2020, citing better customer behaviour in expired loan payments and more cost savings in Europe after it swung back to the black in the third quarter.

Business • 27 Oct 20

Santander books record €11 billion loss on impairments

Spain's Santander has today reported a record net loss of €11.1 billion in the second quarter, taking the biggest hit yet for a European bank dealing with the coronavirus crisis which it tried to offset with lower costs.

Business • 29 Jul 20

Santander Chairman Ana Botin said the bank will review its targets once it has a more complete understanding of the full impact of the Covid-19 crisis

Santander Q1 profit slumps on virus-related provisions

Spain's Santander has today posted an 82% year-on-year slump in quarterly net profit as it booked higher provisions for expected credit losses from the coronavirus outbreak.

Business • 28 Apr 20

Santander boosts capital ratio, profit rises on Latam

Spain's Santander said it had significantly boosted its capital ratio in 2019 and will target a further increase in 2020, lifting its shares as a solid underlying performance in Latin America offset sluggishness in Britain.

Business • 29 Jan 20

Santander chairman Ana Botin said the bank was confident of achieving its 2018 goals

Santander posts 3% fall in Q2 profits on Popular costs

Banco Santander today posted a 3% decline in second-quarter net profit from a year earlier after being hit by restructuring costs of €300m due mainly to the integration of Banco Popular.

Business • 25 Jul 18

Ana Botin, Santander's executive chairman

Santander's Q1 profit rises 10%, buoyed by Brazil

Banco Santander, the euro zone's biggest bank by market value, posted a better-than-expected 10% rise in first-quarter net profit on strength in its largest market, Brazil.

Business • 24 Apr 18

Santander Chairwoman Ana Botin said that the combination of the banks would strengthen the group's geographic reach

Santander rescues Banco Popular from collapse

Spain's biggest bank Santander today said it would buy struggling rival Banco Popular for a nominal one euro after European authorities determined the lender was on the verge of insolvency.

Business • 07 Jun 17

Santander boss Ana Botin said the bank expected growth in all of its principal markets this year

Santander posts 14% profit rise on Brazilian strength

Strong growth in Brazil drove Banco Santander's profit up 14% in the first quarter, continuing a trend in which the Spanish bank's largest market has offset profit weakness in Britain.

Business • 26 Apr 17

Santander has reported a net profit for the full year of €6.2 billion

Banco Santander posts 4% full-year profit rise

Banco Santander opened Spain's bank reporting season today with a 4% rise in its 2016 net profit, as improved results in Brazil helped offset a weak performance in Britain.

Business • 25 Jan 17

Drop in Brazil's real hits Santander's third quarter earnings

Santander's profits hit by Brazilian currency fall

The drop in the Brazilian real and other Latin American currencies weighed on Santander's third-quarter earnings, the Spanish bank said today.

Business • 29 Oct 15

Santander posts net income of €1.72 billion in the first three months of the year, in line with expectations

Santander's Q1 profit jumps by nearly a third

Santander posted a 32% jump in first-quarter net profit as the euro zone's biggest bank drew on rising income from lending and fees in key markets such as Britain and Brazil.

Business • 28 Apr 15

Santander's Ana Botin announces reshuffle at Spanish bank

Santander names new boss in reshuffle

Spain's Santander, the biggest bank in Europe by market value, today named Jose Antonio Alvarez as its new chief executive in a reshuffle after longtime chairman Emilio Botin died.

Business • 25 Nov 14

Ana Botin took over as Santander chairman from her father Emilio Botin after he died in September

Santander Q3 profit jumps as bad loan charges fall

Santander, the euro zone's biggest bank, today reported a 52% jump in third quarter net profit, as losses on problematic debts receded.

Business • 04 Nov 14

The new chairwoman of Santander, Ana Botin, was appointed last week after the sudden death of her father

Santander's Ana Botin affirms bank's strategy

Ana Botin, the new chairwoman of Santander, told shareholders today she would defend the legacy of her father at the helm of the euro zone's biggest bank.

Business • 15 Sep 14

Ana Botin