Santander achieves a 20% increase in profits to €12.4 billion by September after selling its Polish subsidiary

Banco Santander reported a 20% increase in profits to €12.4 billion by September, boosted by the sale of its Polish subsidiary. The bank gained 17 million new customers in the past year, reaching a total of 189 million, aided by the integration of TSB customers and the acquisition of Webster Bank. Excluding non-recurring items, ordinary profit reached a record €11.2 billion, up 16%, driven by strong customer activity and efficiency improvements.