The entity led by Ana Botín manages the profits of the major banks, made up of the six major Spanish banks, and pays 335 million euros in taxes on the sector.
He Santander bank has won 2852 million euros In the first quarter of 2024, a 11% more than last year, thanks to “strong sales growth and cost control”, and despite the impact of 335 million of the tax imposed by the Spanish government on their extraordinary profits.
With these results, the entity chaired by Ana Botín leads the profits of the major banks – consisting of BBVA, CaixaBank, Sabadell, Bankinter, Unicaja Banco and Santander itself –, with 500 million more than BBVA (2.2 billion euros).
In a statement to the National Securities Market Commission (CNMV), the entity explained that its interest margin for the period, which includes almost all revenues, increased by 18% to a record 11,983 million euros, thanks to the growth in activity. in all companies.
The chairman of the group, Ana Botín, congratulated herself on Tuesday with the results. “Once again, he added, we are on track to achieve all our targets for this year, including a profitability of 16%,” he stressed.
Deposits and investment funds grew by 5%, with a strong increase in time deposits (+24%) in the current context of higher interest rates. Similarly, the bank has gained five million customers, with the consequent increase in business.
Similarly, in the month of May, the bank will pay a cash dividend of 9.50 cents per share for 2023, representing a total compensation compared to last year of 17.60 euro cents, an increase of approximately 50% year-on-year on-year.
Source: EITB
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