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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 09:17 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.
She said: “Our busy record explains that in a difficult market we outperform their peers and in 2025, we expect to grow the final result and our profit – with low revenues and costs. We only scratch the surface of our potential.”
This urgent news story is updated.
