Santander: Q3 net income up 11%

(CercleFinance.com) - Santander has announced net profit of 2.
42 billion euros for Q3 2022, up 11% in current euros, including a net charge of 181 million euros due to a change in Polish regulations.

The Spanish bank reported strong customer activity in the period, despite market uncertainty, with customer funds reaching a new high thanks to solid deposit growth (+6%).

The bank continued to grow its customer base, winning over eight million customers in the past twelve months, bringing the total to 159 million. The strong increase in digital adoption continued, with 56% of sales via online or mobile channels.


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