Santander earns 12.405 million until September, 20% more, from the sale of Poland

Banco Santander reported a net profit of €12.405 billion for the first nine months of 2026, a 20% increase from the previous year, influenced by a net gain from the sale of its Polish business. This was partially offset by integration costs of €666 million related to TSB and Webster. Excluding these effects, ordinary profit reached a record €11.176 billion, up 16%. Interest margin rose by 9.5% to €34.545 billion, while net commissions increased by 8.9% to €10.349 billion. The return on tangible equity (ROTE) improved to 16%, and the CET1 capital ratio was 12.7%. Spain contributed €3.695 billion to ordinary profit, a 14.3% increase. Santander reaffirmed its 2026 targets and reported gaining 17 million customers in the past year.