UBS has reaffirmed its Buy recommendation for Banco Santander, S.A., Spain's leading banking group, which operates through three main divisions: commercial banking, investment banking, and asset management. By the end of 2023, the group is expected to manage EUR 1,047.2 billion in deposits and EUR 1,036.3 billion in loans, supported by a global network of 8,518 branches. Additionally, Santander is expanding its bancassurance business through Santander Seguros and Banesto Seguros.