Santander Earns €12.4 Billion – Poland Drives Profit Growth

TVS News AI redaktionell betreut präsentiert Santander verdient 12,4 Milliarden Euro – Polen treibt den Gewinn an.

€12.405 billion in profit through September: Santander increased its group profit by 20 percent in 2026 compared with the previous year. The Spanish bank benefits in particular from the appreciation of its stake in Poland, while Brazil continues to support it as its second-most important market.

Attention therefore focuses not only on the group result but also on the regional balance: Spain continued to contribute the largest share of earnings, while Polish assets provided an additional boost to group profit.

Why profit rose by 20 percent

Santander generated a profit of €12.405 billion in the first nine months. According to the available reports, the main driver was the Plusvalía de Polonia: increases in the value of its Polish investment supported the group result considerably.

According to Expansión, ordinary profit also grew by 16 percent to €11.176 billion. At the same time, the capital ratio fell to 12.7 percent following the acquisitions of Webster.

Spain remains the largest contributor to earnings

According to El Mundo, the Spanish market contributed €3.695 billion to ordinary profit through September. This represents an increase of 14.3 percent. Spain therefore remained by far Santander's most important contributor to earnings.

Outside Europe, Brazil retains its position as the second-most important market. Following the integration of Webster, the Brazilian business unit made a stronger contribution, but reports still place it behind the Spanish business.

What the figures mean for investors

The combination of a 20 percent increase in group profit and a 16 percent increase in ordinary profit shows that Santander has improved its operating performance. At the same time, the decline in the capital ratio to 12.7 percent highlights the resources tied up by the acquisitions it has made.

The exceptional increase also cannot be attributed entirely to the ongoing business: according to both reports, the Plusvalía in Poland was decisive. To interpret the results, it is therefore useful to consider ordinary profit, regional contributions and the development of the capital ratio. Analyze the Santander share and Understand bank ratios.

Results at a glance

• Group profit: €12.405 billion, up 20 percent
• Ordinary profit: €11.176 billion, up 16 percent
• Spain: €3.695 billion, up 14.3 percent
• Capital ratio: 12.7 percent after the acquisitions
• Market position: According to the sources, Brazil remains the second-most important market after Spain

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