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Banco Santander increased attributable profit during 2018 by 18% to €7,810 million (+32% in constant euros), as strong growth in customer revenues in several markets, including Brazil, Spain, Mexico and the US, combined with improvements in credit quality, more than offset the impact of exchange rate depreciation against the euro in certain currencies, including the Argentine peso.Underlying profit increased by 18% year-on-year in constant euros to €8,064 million.
Santander Private Banking (SPB) has swept Euromoney magazine’s annual private banking awards, winning the most accolades in SPB’s history and is included in the top ten best private banks in the world. It won ‘Best Private Banking Overall’ in Latin America and five country awards in its main markets (Spain, Portugal, Mexico, Chile and Argentina). It was also awarded best bank for the ‘Ultra High Net Worth’ segment and for its use of Technology in Latin America and in four specific markets (Spain, Portugal, Mexico and Chile).
