The president of Banco Santander, Ana Botín, has reiterated the Strategic importance of the US markethighlighting its growth potential. In a context of tariff war, Botín has stressed that the strategy in the US is throwing very positive results, considering this market as the largest and most important worldwide.
Botín has mentioned that the risks-financials of the financial business in the US are attractive, focusing on businesses that provide added value. He stressed that the largest business for Santander US is consumption and cars, where they position themselves as the fifth car financier in the United States. In addition, he stressed that financing is channeled through the Santander and OpenBank network, a subsidiary launched last autumn.
He OpenBank business in the United States has exceeded bank expectations, capturing more than 90,000 customers in five months and reaching 3.5 billion dollars in deposits.
Before the shareholders, Ana Botín has reiterated that Santander UK is not for sale and contributes diversification to the group. He stressed that it is a low -risk business, with years of experience in mortgages, and that it has shown an increasingly better behavior in the current environment.
Evolution of Santander’s action on the stock market
Botín has defended the performance of Santander’s action on the stock market, highlighting a revaluation of the 39% in the first quarter. Since the presentation of the strategic plan in 2023, the value of the entity in the stock market has increased by 90%, with a profitability per action of 71%, surpassing European banks and Ibex rates.
The president of Banco Santander has expressed her confidence in the One Transformion strategy, a change in the business and bank operational model, which will be reflected in a better performance compared to the market and competitors in 2025. In addition, an increase in profitability and remuneration to the shareholder in the coming years is expected.