India, July 22 -- Spanish financial services major Banco Santander S.A. (BNC.L,BSBR,SAN) reported Wednesday higher profit in its second quarter with growth in underlying income.
Looking ahead, Santander said it is on track to meet its 2026 targets, including mid-single-digit revenue growth and lower costs in constant euros, higher profit than the €14.1 billion reported in 2025, and a CET1 ratio between 12.8 percent and 13 percent.
The outlook excludes the impact of M&A in 2025 and 2026.
Revenue growth is expected to continue to be supported by customer activity, with net fee income growing faster than net interest income.
Santander also reiterated its three-year plan. By 2028, the group targets a RoTE above 20 percent, profit abov...