Could Santander Be the Next Big Banking Powerhouse? Here’s What You Need to Know!

Banco Santander’s third-quarter financial results for 2023 demonstrate a mixed performance, albeit with solid progress in executing its long-term strategy. The company recorded a quarterly profit of EUR 3.3 billion, marking a 12% year-over-year increase, driven by a customer base that has expanded to 171 million. For the first nine months of the year, the bank achieved a record profit of EUR 9.3 billion, up 14%. The increased profitability is credited to robust customer revenue growth across various regions and global business segments.