shares Santander Bank After the largest lender in Spain jumped record profits in the fourth quarter, and announced its plans for 10 billion euros (10.4 billion dollars) in the re -purchases of shares from 2025 and 2026 and the expected extra capital.
The bank’s net net profit increased by 11 % on an annual basis to 3.265 billion euros in the fourth quarter and 14 % holy annually to 12.574 billion euros throughout the entire year. Retail basic business. The lender added eight million new customers in 2024 to 173 million customers.
The bank’s return on concrete stocks (ROTE) – profitability scale – up to 16.3 % in 2024 from 15.1 % in the previous year.
Santander shares increased by 7.4 % at 10:58 am London time.
Like other European lenders, the bank has benefited from the post -nineteenth environment from high interest rates, and is now facing the loss of this support as the European Central Bank continues to reduce its monetary policy. For 2025, Santander issued instructions targeting about 62 billion euros of revenue, growing in the middle of the numbers in net income fees, a percentage above 17 % and CET1-which indicates the lender’s flexibility-13 %, after achieving 12.8 % in 2024.
“We have announced record results for the third year in a row as we continue to increase revenues, profitability and returns,” Anna Putin, CEO of Santander, Anna Putin, said in a statement accompanying the results, confirming that the bank scale allows him to build his technology platforms. The cost of service and improving its operational influence.
“We are growing clients, eight million” next year to be very stable, “said Putin at” Squawk Box EUROPE “.
Behind the border
Questions about Santander’s global imprint appeared earlier this year, amid reports that the bank could be Consider the exit from its operations in the United Kingdom – Any Putin he has Since refuting. On Wednesday, he was asked about the future of the European banking scene, Putin said: “The first thing that is really important in Europe is that there is no framework today for integration across the border. So what you will see and you” already see, is the unification of the market. “
Its comments come amid the enhancement of appetite for monotheism across the European banking sector, with questions that are increasing whether the sudden unicredit stake in German commerzbank since September will lead to a cross -border display. Since then, the second largest lender in Italy launched an offer to acquire BPM BankWith Monte Dei Paschi mode at an attempt by Mediobanca within the Italian space.
“Many of our peers are the most unified market. This means that when there is, there is not much growth, there is no option across the border, you will see unification in the market,” Putin said on Wednesday. .
