Santander turns deposits into its weapon to boost profits
Webster, Openbank y TSB abaratan la financiación del grupo e impulsan el margen. Citi destaca la estrategia "diferencial" del banco y Barclays, la mayor rentabilidad en EEUU. Leer
Santander's strategic plan focuses on increasing profitability, driven by its deposit base. The bank has made several moves to strengthen its funding profile, including the launch of Openbank, and the acquisitions of Webster and TSB. These changes have helped Santander reduce its financing costs and increase its interest margin.
According to Citi and Barclays, this strategy will support the bank's growth and profitability, with Citi predicting a resilient growth in net interest income until 2028. In the US and Mexico, Openbank has already contributed to a significant reduction in financing costs and an increase in profitability.
Written by urgent.news from Expansion ES's report — not a translation of it. Machine-written — may contain errors; check the original before relying on it.
