Portugal

Profits from Santander rise 20% by September after sale of Polish subsidiary

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Based on a feed excerpt; full article content has not been acquired. Source evidence retrieved 28/10/2026, 07:11:25 UTC.

Briefings

Santander reported a 20% increase in net profit to 12.4 billion euros in the first nine months of 2026, driven by the sale of its Polish branch and strong operational performance. The bank also achieved a record ordinary profit of 11.176 billion euros and grew its customer base to 189 million, including acquisitions from TSB and Webster.

Key points

• Santander's net profit rose 20% to 12.4 billion euros in the first nine months of 2026, exceeding the previous year's same period.
• The Polish branch sale contributed 1.895 billion euros in additional net profit to the bank's total earnings.

Context

The Santander bank reported its financial results to the Spanish regulator, highlighting a 20% profit increase and a record ordinary profit of 11.176 billion euros. The bank also expanded its customer base to 189 million, including acquisitions from TSB and Webster.

Limitations

Data covers the first nine months of 2026 only. The 20% profit increase is compared to the same period in the previous year, not absolute growth. The Polish branch sale is a specific contributing factor to the profit, but other non-recurring items are excluded from the ordinary profit calculation.

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