December 8, 2021

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Xander’s profit increased in the 3rd quarter due to the performance of the US and UK

(Teleforza) – Santander Bank, The second largest bank in the Eurozone by market capitalization, registered a Net income Equivalent to 2. 2.17 billion in the third quarter of 2021, 24% higher than in the same period of 2020, and higher than pre-epidemic levels (base profit for the third quarter of 2019 was 14 2.14 billion). This figure is higher than the 1.97 billion euros that analysts predict, according to Refinitive data.

“And we have a record for this quarter Strong profit growth in all of our regions and businesses. Our performance in the United States and the United Kingdom has been particularly strong, underscoring the effectiveness of our strategy in these key markets, ”he said. Ana Bodin, Managing Director Of Banco Santander.

“Looking ahead, we are on track to significantly surpass our profit target for 2021 by maintaining a fully loaded CET1 in our 11-12% range, which will enable us to provide attractive returns to our shareholders and continue to invest in future growth. We are confident of reaching our interim profit target of 13-15%.

Santander’s CEO Jose Antonio Alvarez Bank said It does not consider acquisitions In Spain. A potential fusion with a competitor for a question BBVA This would make sense from an industrial point of view, he replied: “No, no, no. Now we do not know, we have not analyzed or analyzed it.” Alvarez also said the company could release arrangements Overhead in the fourth quarter was between 700 million and 1 billion euros.

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