Latest news with #BancoSantanderSA
Bloomberg
05-05-2025
- Business
- Bloomberg
Santander Sells 49% in Polish Unit to Erste for €6.8 Billion
Banco Santander SA agreed to sell 49% of its Polish unit to Erste Group Bank AG for about €6.8 billion ($7.7 billion), in one of the largest banking transactions in Europe in recent years. Erste also agreed to buy the 50% in the Polish asset manager TFI that's not already owned by the Polish unit from Santander for about €200 million, the two lenders said in separate statements on Monday.
San Francisco Chronicle
30-04-2025
- Business
- San Francisco Chronicle
Banco Santander: Q1 Earnings Snapshot
MADRID (AP) — MADRID (AP) — Banco Santander SA (SAN) on Wednesday reported net income of $3.58 billion in its first quarter. The Madrid-based bank said it had earnings of 22 cents per share. The financial holding company posted revenue of $32.68 billion in the period. Its revenue net of interest expense was $16.34 billion, which topped Street forecasts. _____
Bloomberg
30-04-2025
- Business
- Bloomberg
Santander's Net Income Beats Estimates
Banco Santander SA posted first-quarter profit that exceeded expectations, saying its fee income hit a record. Spain's biggest lender reported net income of €3.40 billion ($3.9 billion), it said in a statement on Wednesday. The Bloomberg-compiled analyst consensus had forecast €3.18 billion.
Bloomberg
28-04-2025
- Business
- Bloomberg
Erste Group Weighs Buying 49% of Santander's Polish Unit
By and Jorge Zuloaga Save Erste Group Bank AG is exploring buying a major stake in Banco Santander SA 's Polish unit, seizing an opportunity to expand in one of Europe's fastest-growing markets, according to people familiar with the matter. Austria's largest lender is discussing acquiring 49% of Santander Bank Polska SA, the people said, asking not to be identified discussing confidential information. That stake is valued at around €7.3 billion ($8 billion) based on the most recent stock price.
Bloomberg
25-04-2025
- Business
- Bloomberg
Spanish Banks Plan to Spread Windfall Tax Payment Over Full Year
Spanish banks including Banco Santander SA, BBVA SA and CaixaBank SA are looking to spread the annual payment of a windfall tax over four quarters rather than making a single upfront disbursement, according to people familiar with the matter. Doing so would mark a change of strategy from the previous years and would be a way to soften the impact of the tax on first-quarter earnings, according to the people, who asked not be named as the information isn't public. In 2023 and 2024, lenders recorded the full payment in the first quarter.
