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Santander reported a 19% increase in Q1 net profit to 3.4 billion euros, surpassing forecasts, driven by strong performance in Spain and the U.S., despite declines in Brazil and Mexico. The bank remains focused on its 2025 profit goals while closely monitoring market uncertainties, with a diversified strategy aiding resilience. Net interest income fell 5% year-on-year, but efficiency improved, and the bank is on track to meet its full-year revenue target of around 62 billion euros.
Emma Pinedo
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Santander reports strong Q1 profits while navigating market uncertainties
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Emma Pinedo
Peter Graff
Ana Patricia Botin
Jan Harvey
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10:32 30.04.2025
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