• Results BBVA registers a record profit of 6,420 million and will distribute the highest cash dividend in 14 years

Banco

Santander

obtained a record attributable profit of

9,605 million euros in 2022

, 18% more than the previous year, thanks to the growth in commercial activity, the quality of the assets and cost control, as reported by the entity to the National Securities Market Commission (CNMV).

The main margins of the income statement registered double-digit increases, especially interest, which

reflects most of the income,

and stood at 38,619 million euros, 15.7% more, while the gross margin, which adds commissions, added 52,117 million and improved by 12.3% year-on-year.

These results allowed the entity to improve its return on equity (ROTE) to 13.4%, thereby exceeding the target of 13% that had been set.

According to the criteria of The Trust Project

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  • Santander Bank