Santander executive chair Ana Botín is set to tell shareholders at today’s AGM that the bank expects to reach a 16% return on tangible equity (RoTE) in the first quarter, annualizing the impact of the banking tax in Spain which is registered entirely in January 2024.

The prestigious Euromoney magazine has recognised Santander Private Banking’s leadership in Latin America, awarding it the prize for Best International Private Bank in the region and Best International Private Bank in Argentina, Brazil, Mexico, Peru and Uruguay.