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Santander's Executive Chair Ana Botin expressed concerns over the uncertainty from U.S. trade tariffs, which could impact the economy and inflation, particularly in the U.S. However, she emphasized the bank's geographical diversification as a stabilizing factor. Despite recent share declines, Botin reaffirmed the bank's commitment to growth in the U.S. and the UK, while maintaining a focus on organic growth and evaluating future opportunities.
Santander's Executive Chair Ana Botin highlighted the uncertainty from U.S. trade tariffs but maintained a profit forecast for 2025, emphasizing the bank's diversification as a stabilizing factor. Despite a recent drop in bank shares, Santander reported strong performance in the U.S. and Latin America, with a projected return-on-tangible-equity ratio of 16.5% for 2025. Shareholders are expected to approve significant remuneration and buybacks, alongside the re-election of Botin and CEO Hector Grisi.
Santander reported a continued increase in customer numbers in the first quarter, positioning itself to meet its full-year revenue and profitability goals. The bank aims for approximately 62 billion euros in revenue and anticipates a return-on-tangible-equity ratio of 15.7% for the quarter, with a target of 16.5% for 2025. Executive Chair Ana Botin highlighted the bank's focus on profitability while monitoring recent U.S. tariff developments.
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santander warns of us tariffs impact but highlights bank diversification strategy
United States Dollar
British Pound Sterling
Banco Santander, S.A.
Barclays PLC
BRA
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ESP
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Jesús Aguado
Elaine Hardcastle
Inti Landauro
Ana Botina
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17:30 04.04.2025
santander warns of trade tensions but maintains profit forecast for 2025
Euro
United States Dollar
Banco Santander, S.A.
Barclays PLC
ESP
USA
Jesús Aguado
Elaine Hardcastle
Inti Landauro
Ana Botina
Show more
11:36 04.04.2025
santander reports customer growth and profitability in first quarter results
08:55 04.04.2025
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