Botín buys Santander shares for 3.1 million euros
The banker has carried out the operation through the company Inversora Oquendo.
Santander reported a 12.405 million euro profit for the first nine months of the year, a 20% increase, driven by extraordinary net gains of 1.229 million euros. The bank's earnings were boosted by a 1.895 million euro profit from the sale of its Polish subsidiary during the first quarter, offset by charges of 666 million euros for the purchase of TSB and Webster in May and August.
Excluding these non-recurring impacts, the core profit grew by 16% to 11.176 million euros. Despite a slight drop in the quality of capital, falling from 14% to 12.7%, Santander remains confident in meeting its targets for 2026 and its three-year plan. President Ana Botín expressed optimism about the bank's growth, citing the discipline in capital allocation and the progress of ONE Transformation.
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