Santander targets over 23 billion dollars in profit by 2028 as efficiency improves
Santander aims for a 23.6 billion dollar profit by 2028 driven by IT transformation and cost synergies. The bank also targets a higher profitability ratio.
Insights:
Banco Santander, S.A. announced on February 25, 2026, that it aims to achieve an annual profit exceeding 20 billion euros and a profitability ratio above 20% by 2028. These targets represent a planned material improvement in the bank's efficiency and profitability metrics that will affect its reported financial performance through the end of the 2028 period.
