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SAN share (Madrid) Negativo_GB 3.5715 | -3.49% | 18:00

Ana Botín, executive chairman of Banco Santander, opened the XII International Banking Conference “Banking on Trust” at Santander Group Headquarters in Madrid. The meeting brought together more than 1,000 international executives, leading authorities and experts, to discuss the importance of trust as a fundamental value for facing social and economic challenges and for building a better world.


The Group achieved an attributable profit of €3,732 million during the first nine months of 2019 after charges of €2,448 million relating primarily to the UK goodwill impairment announced on 24 September 2019 (€1,491 million), as well as a further provision for PPI (€103 million) and other charges (€40 million). This, in addition to the net charge of €814 million announced for the first half, which related primarily to planned restructuring costs in Spain and the UK, led to a fall in attributable profit for the first nine months of 35% year-on-year (YoY).