Santander sets 20 billion euro profit goal and boosts cash dividends in new strategic plan
The Spanish lender aims for a 20 billion euro profit by 2028 following major acquisitions. It also plans to increase cash payouts to shareholders from 2027.
Insights:
Banco Santander, S.A. announced on February 25, 2026, its 2026-2028 investor update, setting a target to book a profit above €20 billion by 2028. The bank, which is based in Spain 
ES, also plans to reduce its cost-to-income ratio to around 36% by the end of 2028, a significant improvement from the 41.2% ratio recorded in 2025. These targets were presented as part of a broader strategy to enhance profitability and operational efficiency.
ES, also plans to reduce its cost-to-income ratio to around 36% by the end of 2028, a significant improvement from the 41.2% ratio recorded in 2025. These targets were presented as part of a broader strategy to enhance profitability and operational efficiency.
