Record Quarterly Profit
Santander achieved a record quarterly profit of EUR 3.5 billion, marking the best 9-month period ever with strong revenue growth across global businesses and an increase in the customer base by 7 million year-on-year to 178 million.
Strong RoTE Improvement
The bank reported a 70 basis points increase in RoTE to 16.1%, with a target of around 16.5% for 2025, reflecting excellent progress in efficiency gains and disciplined capital allocation.
Solid Balance Sheet and Capital Ratio
Santander's balance sheet remains solid with a CET1 capital ratio at an all-time high of 13.1% and robust credit quality, indicating strong shareholder value creation with TNAV plus cash dividend per share growing 15% despite currency headwinds.
Strong Performance in Wealth and Payments
The Wealth segment reported a profit increase of 21%, while Payments saw profit growth of more than 60%, both driven by high commercial activity and strategic initiatives.