underlying attributable profit
underlying attributable profit
New global business definitions as published on 20 December 2023.
Corporate & Investment Banking (Santander CIB) is Santander’s global division that supports Corporate, FiG (financial institutions group), Financial Sponsors and Institutional customers, offering tailored services and value-added wholesale products suited to their complexity and sophistication, as well as to responsible banking standards that contribute to the progress of society.
We are committed to fulfilling our customers’ needs, surpassing their expectations and helping them to achieve their goals. For that reason, we invest heavily in developing tailor-made solutions and in providing local expertise, fully integrated coverage and cross-border capabilities.
Ever since Santander Group created a business unit to carry out investment banking and wholesale market activities back in 1985 much has changed. Today, Santander Corporate and Investment Banking is a global leading division providing investment solutions for its customers in all geographies combining industry expertise through specialized teams.
Our aim is to become a focused world-class CIB business, positioning ourselves as a strategic advisor to our clients:
José M. Linares
Senior Executive Vice-President and Global Head of Corporate & Investment Banking
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Non-IFRS and alternative performance measures
In addition to the financial information prepared in accordance with International Financial Reporting Standards (“IFRS”) and derived from our financial statements, the information above contains certain financial measures that may constitute alternative performance measures (“APMs”) as defined in the Guidelines on Alternative Performance Measures issued by the European Securities and Markets Authority (ESMA) on 5 October 2015 (ESMA/2015/1415en) and other non-IFRS measures (“Non-IFRS Measures”). Such APMs and non-IFRS measures have been calculated using the financial information from Santander Group but are not defined or detailed in the applicable financial reporting framework and have neither been audited nor reviewed by our auditors. While we believe that these APMs and non-IFRS measures are useful in evaluating our business, this information should be considered as supplemental in nature and is not meant as a substitute of IFRS measures. In addition, other companies, including companies in our industry, may calculate or use such measures differently, which reduces their usefulness as comparative measures. For further details of the APMs and Non-IFRS Measures used by Banco Santander, S.A. (Banco Santander), as the parent company of Santander Group, including its definition or a reconciliation between any applicable management indicators and the financial data presented in the consolidated financial statements prepared under IFRS, please see the Banco Santander´s most recent Annual Report on Form 20-F filed with the U.S. Securities and Exchange Commission, as well as the section “Alternative performance measures” of the annex to Banco Santander´s most recent quarterly Financial Report. These documents are available on Banco Santander’s website (www.santander.com).
The businesses included in each of the Santander Group primary segments and the accounting principles under which their results are presented in such documents may differ from the businesses included and accounting principles applied in the financial information separately prepared and disclosed by its subsidiaries (some of which are publicly listed) which in name or geographical description may seem to correspond to the business areas covered in such Santander Group documentation. Accordingly, the results of operations and trends shown for the Santander Group´s business areas may differ materially from those of such subsidiaries.