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Banco Santander Targets 20% Return on Equity by 2028

2/25/2026

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Story summary
  • Banco Santander aims to achieve a return on tangible equity exceeding 20% by 2028, up from 16.3% last year.
  • The bank focuses on customer growth and integrating significant acquisitions in the U.S. and U.K. to boost profitability and shareholder returns.
  • Banco Santander presented its 2028 strategic plan during an investor day in London, and noted its operations in Spain, Brazil, and the U.S.