Banco Santander today announced that it will merge Openbank and Santander Consumer Finance (SCF) into a single legal entity and will gradually operate its European consumer finance businesses under the Openbank brand. Germany will be the first market to initiate integration, with other markets to follow.

The total amount returned to shareholders as 2025 interim remuneration will be around €3.4 billion, with half paid in the form of a cash dividend and half through the current share repurchase programme.