Banco Santander has achieved an attributable net profit of 10,337 million euros in the first nine months of 2025, marking 11% more than in the same period of 2024. It is the best result of the group in its history for these dates, according to a statement sent this Tuesday to the National Securities Market Commission (CNMV).
During the third quarter, this entity chaired by Ana Botín, earned 3,504 million, which represents a year-on-year increase of 8% and the sixth consecutive quarter with record profits. The improvement, as the bank assures, responds to the good evolution of the interest margin, commission income at historical highs and greater operational efficiency, a result of the global program One Transformation.
You may be interested
Banco Santander offers a house in good condition with 165 meters and 3 bedrooms for sale for only 35,000 euros
CaixaBank, BBVA, Santander and Unicaja are looking for employees with a permanent contract and a salary of up to 73,000 euros
Total revenues reached 46,277 million euros, stable in current euros but 4% higher in constant euros. The interest margin stood at 33,816 million, 2.5% less in current terms although with an increase of 3% in constant euros excluding Argentina.
For its part, the return on tangible capital (RoTE) stands at 16.1%, 7 tenths more than a year ago, and earnings per share have risen 16% to 0.66 euros. The entity has highlighted that total value creation (TNSAV plus cash dividends) increased 15% year-on-year, including the May dividend and the November interim payment.
Ana Botín highlights the “strength” of the business model
The president of Banco Santander, Ana Botín, has highlighted the results as a sign of “the strength of our business model”, pointing out a “solid” balance sheet and “advantages of our global scale”. She was “confident” in “meeting all the objectives of the exercise despite” the context of geopolitical and market uncertainty.
The bank has improved the efficiency ratio to 41.3%, the best in 15 years, thanks to cost containment and the simplification of its structure, provisions for bad debts were reduced by 1% while bad debts have decreased to 2.92% with a coverage of 67%.
In terms of solvency, CET1 ‘phased in’ capital increased to 13%, exceeding the target operating range (12% to 13%) and the target expected for 2025. Spain is once again the main engine when it comes to generating profits, with 3,233 million euros (14% more than in 2024) but Brazil falls with 1,589 million, 10% less than last year and Mexico with 1,211 million, 2% less than in 2024.
Santander advances in all its global divisions
By business, Santander achieved widespread progress in all its global divisions in constant euros, such as retail banking (9%), consumer (6%), corporate and investment (10%), asset management (21%) and payments (62%).
With a base of 178 million clients and 7 million net additions in the last year, the bank consolidates its position as one of the largest banks in Europe. Although it faces a complicated challenge of maintaining margins in the context of normalization of interest rates and lower credit dynamism.