# Santander reaffirms all targets and profit on track to be higher than 2025

**Santander today reaffirms its 2026 targets, including a return on tangible equity (RoTE) of 16%, a cost-to-income ratio of 40%, and a CET1 capital ratio of above 12.5%. The bank also expects its 2026 profit to be higher than in 2025.**

- **Strong performance:** The bank remains confident in its ability to achieve its targets, driven by its diversified business model, strong customer base, and focus on operational efficiency.
- **Growth initiatives:** Santander continues to invest in digital transformation, customer experience, and key growth areas, such as its Global Businesses and the expansion of its consumer finance platform.
- **Capital allocation:** The bank’s strong capital position supports its growth ambitions while also providing flexibility to deliver attractive returns to shareholders.

## 2026 Targets

| Metric | Target |
| :--- | :--- |
| **Return on tangible equity (RoTE)** | 16% |
| **Cost-to-income ratio** | 40% |
| **CET1 capital ratio** | >12.5% |

The bank also reiterates its commitment to its dividend policy and share buyback programs, which remain subject to board approval and regulatory requirements.

## Profit Outlook

Santander expects its 2026 profit to be higher than in 2025, supported by:

1.  **Revenue growth:** Continued expansion of its customer base and higher engagement across its global network.
2.  **Efficiency gains:** Ongoing investment in technology and process automation to drive further cost reductions.
3.  **Risk management:** A disciplined approach to risk, supported by the bank's strong balance sheet and prudent credit underwriting standards.

The bank's diversified portfolio, which includes businesses across Europe, North America, and South America, provides a resilient base for sustained growth and profitability.

## Strategic Priorities

Santander’s strategic priorities for 2026 are focused on three main pillars:

- **Customer focus:** Leveraging its global scale and local expertise to provide a personalized and seamless experience for customers.
- **Operational excellence:** Simplifying processes, reducing complexity, and enhancing efficiency to deliver better outcomes for customers and shareholders.
- **Sustainable growth:** Investing in responsible growth, supporting the transition to a low-carbon economy, and promoting financial inclusion.

By staying true to these priorities, Santander aims to continue creating value for all its stakeholders and to deliver on its commitment to be a leading global bank.