Banco Santander S.A. Half-Year Financial Report 2025

SEC Filing 6-K (0000891478-25-000111)

Banco Santander S.A. reported its half-year financial results for 2025, highlighting significant events and financial performance. The bank announced a strategic agreement with Erste Group Bank AG to sell approximately 49% of its stake in Santander Bank Polska S.A. and 50% of the asset management company (TFI) for EUR 7 billion. Additionally, Santander plans to acquire 100% of Santander Consumer Bank Polska for EUR 0.7 billion. The bank also reached an agreement to acquire 100% of TSB Banking Group plc for GBP 2.65 billion. Financial highlights include a profit attributable to the parent of EUR 6,833 million, a 13% increase year-on-year, and a CET1 ratio of 13.0%. The bank's total income remained stable at EUR 29,182 million, with net interest income at EUR 21,211 million and net fee income at EUR 6,342 million. The efficiency ratio improved to 41.5%, and the cost of risk stood at 1.14%. The bank continues to focus on digital transformation and customer-centric strategies, with total customers reaching 176 million.